NPCI Launches AI and Blockchain Subsidiary to Expand Digital Technology Services

NPCI announced the formation of NTSL on November 4, 2026. The subsidiary will operate as the group’s technology and innovation arm, supporting projects beyond its existing retail payment operations.

NTSL to Focus on AI, Blockchain and Digital Infrastructure

NPCI Tech Solutions Limited will work across several technology areas, including artificial intelligence, blockchain, digital financial infrastructure and global capability centre (GCC) services.

The company will also provide technology services for digital public infrastructure initiatives, including eKYC Setu and the Unified Ticketing Platform. Through these activities, NTSL aims to strengthen technology development and support digital financial services.

Vishal Kanvaty Appointed as CEO and Managing Director

NPCI has appointed Vishal Kanvaty as the managing director and chief executive officer of NTSL. Before taking up this position, Kanvaty served as NPCI’s chief technology officer.

He has been associated with NPCI for nearly a decade and brings experience in developing and managing technology infrastructure for digital payments.

NPCI Expands Its Subsidiary Network

NTSL becomes NPCI’s fourth wholly owned subsidiary. The other three subsidiaries are NPCI International Payments Limited, NPCI Bharat BillPay Limited and NPCI BHIM Services Limited.

NPCI operates several important payment and settlement systems in India, including the Unified Payments Interface (UPI). Through its new subsidiary, the organisation plans to expand its technology services into financial services and other digital public infrastructure projects.

Focus on AI-Powered Payment Innovation

The launch comes as NPCI increases its focus on artificial intelligence in digital payments. The organisation has also been working on a registry to identify and monitor AI agents that initiate UPI transactions.

NPCI Chief Executive Officer Dilip Asbe said emerging technologies are creating new opportunities in digital infrastructure and financial services.

However, NPCI has not disclosed NTSL’s investment budget, hiring plans or revenue targets.

About NPCI

The National Payments Corporation of India (NPCI) is an umbrella organisation responsible for operating retail payment and settlement systems in India. Established to develop the country's payment infrastructure, NPCI operates services such as the Unified Payments Interface (UPI), RuPay, Immediate Payment Service (IMPS) and Bharat BillPay.

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