Overview
- NPCI announced on Wednesday that it has legally formed NPCI Tech Solutions Limited (NTSL) as a wholly owned technology and innovation arm focused on AI, blockchain and digital financial infrastructure.
- The organisation appointed its long‑time chief technology officer Vishal Kanvaty as managing director and CEO to lead NTSL and to maintain continuity with NPCI’s existing engineering teams.
- NTSL’s remit covers global capability centre services and technology support for India’s digital public infrastructure programmes such as eKYC Setu and the Unified Ticketing Platform.
- NPCI framed the move as a response to advances in AI and emerging technologies but did not disclose NTSL’s investment size, revenue targets, customer pipeline or product rollout timelines.
- The subsidiary formalises prior NPCI initiatives — including the AiNxt and AtOM enterprise platforms and a research partnership with IISc on AI and blockchain — and could extend those tools beyond core payments if commercial plans are announced.