Transfers & Postings · BFSI
The National Payments Corporation of India has incorporated NPCI Tech Solutions Limited as a wholly owned subsidiary to build capabilities in AI, blockchain and digital financial infrastructure.
✦ AI SUMMARY 30-second read
- NPCI has established NTSL as its technology and innovation arm, extending focus beyond core payments.
- Vishal Kanvaty, associated with NPCI for nearly a decade, has been appointed MD and CEO of NTSL.
- NTSL will support eKYC Setu, the Unified Ticketing Platform and other Digital Public Infrastructure programmes.
Why it matters: NTSL gives the NPCI Group a dedicated vehicle to commercialise emerging technologies and expand its digital infrastructure footprint.
This summary was generated by AI. Editors may review and update it.
The National Payments Corporation of India (NPCI) has incorporated NPCI Tech Solutions Limited (NTSL) as a wholly owned subsidiary and appointed Vishal Kanvaty as its Managing Director and Chief Executive Officer.
NTSL is positioned as the technology and innovation arm of the NPCI Group, with a mandate that extends beyond the organisation's core payments business. Its focus areas include Artificial Intelligence, blockchain, digital financial infrastructure, and Global Capability Centre services.
What NTSL will cover
In addition to its emerging-technology focus areas, NTSL will provide technology services for eKYC Setu, the Unified Ticketing Platform, and other Digital Public Infrastructure programmes, supporting the broader expansion of NPCI Group's technology initiatives.
Kanvaty's appointment
Kanvaty has been associated with NPCI for nearly a decade. During that period he led the development and commercialisation of several market innovation platforms that now fall within NTSL's focus areas.
Dilip Asbe, Managing Director and CEO of NPCI, said technology has been at the core of NPCI's journey and its contribution to India's digital transformation. He added that advancements in AI and other emerging technologies are creating new possibilities across digital infrastructure and financial services, and that NTSL has been established to address those opportunities. Asbe expressed confidence that Kanvaty's experience and leadership would guide the subsidiary's growth and future direction.
About the key officers
Vishal Kanvaty
| New post | Managing Director and Chief Executive Officer, NPCI Tech Solutions Limited (NTSL) |
|---|---|
| Career so far | Kanvaty has been associated with NPCI for nearly a decade. |
| Notable work | He led the development and commercialisation of several market innovation platforms that now form part of NTSL's focus areas. |
Dilip Asbe
| New post | Managing Director and CEO, NPCI |
|---|
