Mumbai: Ahead of the Global Fintech Fest (GFF) 2026, Lyra Network Pvt. Ltd. and plutos ONE Technology Private Limited have announced their intent to enter into a Memorandum of Understanding (MoU) to collaborate on the development and advancement of AI-driven and next-generation payment technology solutions.
The proposed collaboration will bring together the technology capabilities, domain expertise and market presence of Lyra and plutos ONE to explore opportunities across the design, development, implementation and enhancement of innovative payment products and solutions. The partnership will focus on building solutions that are secure, scalable and efficient, while addressing the rapidly evolving requirements of the digital payments ecosystem.
Under the proposed MoU, the two organisations will also explore opportunities across market integration, deployment, commercialization and distribution of relevant payment products and technology solutions. By combining Lyra’s payment technology capabilities with plutos ONE’s payment infrastructure and ecosystem capabilities in India, the collaboration aims to support wider adoption of advanced payment solutions and contribute to a more integrated and customer-centric digital payments environment.
As payment ecosystems evolve beyond traditional transaction processing towards intelligent, connected and scalable infrastructure, the collaboration is expected to explore new approaches to improving customer experiences while enabling businesses and institutions to respond to changing payment requirements.
Mannoj Varma, Co Founder & Director, Lyra Network Pvt. Ltd., said, “The future of payments will be shaped by technology that is not only faster and more secure, but also intelligent, adaptable and deeply integrated into the wider financial ecosystem. Our proposed collaboration with plutos ONE provides an opportunity to bring together complementary capabilities and explore solutions that can address emerging requirements across the digital payments landscape. We are excited about the potential to jointly develop and take to market innovative payment technologies that can enhance experiences and support the continued evolution of digital payments in India.”
Commenting on the proposed collaboration, Rohit Mahajan, Founder & CEO, plutos ONE Technology Private Limited, said, “India’s digital payments ecosystem is entering a new phase where scale, interoperability, intelligence and seamless customer experiences will increasingly define the next generation of payment infrastructure. Our collaboration with Lyra brings together complementary strengths that can help us explore innovative solutions for this evolving environment. We look forward to combining our ecosystem and infrastructure capabilities with Lyra’s payment technology expertise to create solutions that are secure, scalable and relevant to the needs of a rapidly changing market.”
Christophe Mariette, Co-Founder & Chairman, Lyra Network, “Combiner nos expertises pour innover dans le paiement de demain.”
“AI is rapidly transforming the way payment ecosystems are designed, managed, and experienced. Congratulations and all the very best to the team. “
Rajesh Desai, Co-Founder, MD & CEO Lyra Network: “This collaboration combines Lyra’s payment infrastructure with Plutos ONE’s ecosystem expertise to build secure, scalable, and efficient solutions that drive digital payment innovation.”
The proposed MoU reflects the broader transformation underway in the payments industry, as financial institutions, businesses and technology providers increasingly seek infrastructure that can support greater scale, security, intelligence and seamless integration.
The collaboration will be announced in the context of Global Fintech Fest 2026, one of the leading platforms for discussions around the future of financial technology, digital payments and financial infrastructure. The proposed partnership between Lyra and plutos ONE underscores the growing importance of technology-led collaboration in shaping the next generation of India’s digital payments ecosystem.
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