NPCI Creates Technology Subsidiary Focused on AI and Blockchain

AI · First reported 4 Nov, 11:02 · Updated 11:31

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India’s National Payments Corporation of India says its new wholly owned subsidiary, NPCI Tech Solutions Limited, will develop technology capabilities in AI, blockchain and digital infrastructure. NPCI CTO Vishal Kanvaty has been appointed the unit’s managing director and CEO.

NPCI established NPCI Tech Solutions Limited (NTSL) as a wholly owned technology and innovation subsidiary.
NTSL will work on AI, blockchain, digital financial infrastructure and global capability centre services, and provide technology services for some digital public infrastructure programmes.
NPCI appointed its chief technology officer, Vishal Kanvaty, as NTSL’s managing director and CEO.

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Key facts

Subsidiary: NPCI Tech Solutions Limited (NTSL), a wholly owned NPCI subsidiary.
Focus areas: AI, blockchain, digital financial infrastructure and global capability centre services.
Managing director and CEO: Vishal Kanvaty, NPCI’s chief technology officer.
Subsidiary count: NTSL is NPCI’s fourth wholly owned subsidiary.