National Payments Corporation of India Establishes Tech Subsidiary NTSL Focused on AI and Blockchain

The National Payments Corporation of India (NPCI) has established a wholly-owned technology subsidiary, NPCI Tech Solutions Limited (NTSL), focusing on areas such as AI, blockchain, digital financial infrastructure, and global capability center services. Vishal Kanvaty, NPCI's Chief Technology Officer, has been appointed as the Managing Director and CEO of NTSL. NTSL will expand capabilities beyond NPCI's core payment business and provide technical services for various digital public infrastructure projects in India. NTSL is the fourth wholly-owned subsidiary under NPCI, which operates India's retail payment and settlement systems, including the Unified Payments Interface (UPI).

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