NPCI Sets Up Subsidiary NTSL to Expand Capabilities in AI and Blockchain

The National Payments Corporation of India established a wholly owned subsidiary, NPCI Tech Solutions Limited, to extend its technology infrastructure beyond core payments.

Vishal Kanvaty was appointed as the Managing Director and Chief Executive Officer of the new subsidiary, which received approval from the NPCI Board and Reserve Bank of India.

NTSL will focus on artificial intelligence, blockchain, Global Capability Centre services, and digital public infrastructure programmes including eKYC Setu and Unified Ticketing Platform.