News · BFSI
The National Payments Corporation of India has established NPCI Tech Solutions as a wholly owned subsidiary to build capabilities in artificial intelligence, blockchain, and digital public infrastructure beyond its payments mandate.
✦ AI SUMMARY 30-second read
- NPCI Tech Solutions (NTSL) is NPCI's fourth wholly owned subsidiary, with Vishal Kanvaty appointed as managing director and CEO.
- NTSL will focus on AI, blockchain, digital financial infrastructure, and global capability centre services.
- The new unit will also provide technology services for eKYC Setu, the Unified Ticketing Platform, and other Digital Public Infrastructure programmes.
Why it matters: NTSL positions NPCI to extend its technology influence well beyond payments into broader digital public infrastructure across India.
This summary was generated by AI. Editors may review and update it.
The National Payments Corporation of India (NPCI) has incorporated a wholly owned subsidiary, NPCI Tech Solutions (NTSL), to serve as the group's dedicated technology and innovation arm. The new entity is mandated to develop capabilities that go beyond NPCI's core payments function.
Vishal Kanvaty has been appointed managing director and CEO of NTSL. NPCI managing director and CEO Dilip Asbe expressed confidence that Kanvaty's experience and leadership would guide the subsidiary's growth and future direction.
What was announced
NTSL has been set up to build and expand NPCI Group's technology capabilities across several emerging domains, including artificial intelligence, blockchain, digital financial infrastructure, and global capability centre services.
The subsidiary will additionally provide technology services in support of eKYC Setu, the Unified Ticketing Platform (UTP), and other Digital Public Infrastructure (DPI) programmes. These services are described as part of NPCI Group's broader technology initiatives.
Background
NPCI operates the Unified Payments Interface (UPI), India's instant retail payment system, and has built several entities under the group structure. NTSL is now its fourth wholly owned subsidiary, joining NPCI International Payments (NIPL), NPCI Bharat BillPay (NBBL), and NPCI BHIM Services (NBSL).
Earlier this year, NPCI announced plans to introduce a 0.4 per cent merchant discount rate on UPI transactions exceeding Rs 2,000, effective 15 October. That plan was subsequently postponed.
What it means for India
By creating a dedicated technology arm, NPCI signals an intent to move from being a payments operator to a wider technology provider for India's digital public infrastructure ecosystem. Areas such as AI and blockchain are increasingly central to how governments and financial institutions manage identity, transactions, and services.
Dilip Asbe noted that advancements in AI and other emerging technologies are opening new possibilities across digital infrastructure and financial services, and that NTSL has been established specifically to pursue those opportunities.
