NPCI Launches New Subsidiary NPCI Tech Solutions Limited (NTSL) for AI and Blockchain

• NPCI announced NTSL on November 4 after approval from its board and the RBI.
• NTSL will focus on artificial intelligence, blockchain, digital financial infrastructure and Global Capability Centre services.
• NPCI CTO Vishal Kanvaty has been appointed NTSL’s Managing Director and Chief Executive Officer.

NPCI announced NPCI Tech Solutions Limited (NTSL) on November 4, 2026, as the National Payments Corporation of India’s wholly owned technology and innovation arm. The subsidiary will focus on artificial intelligence (AI), blockchain, digital financial infrastructure and Global Capability Centre (GCC) services, strengthening the NPCI Group’s technology capabilities.

NPCI has appointed its Chief Technology Officer Vishal Kanvaty as NTSL’s Managing Director and Chief Executive Officer (MD & CEO). NTSL will provide technology services for digital public infrastructure programmes, including eKYC Setu, the Unified Ticketing Platform (UTP) and other Digital Public Infrastructure (DPI) initiatives.

NPCI Tech Solutions Limited: What Is NTSL?

NTSL is a wholly owned subsidiary within the NPCI Group. It was established with the approval of the NPCI board and the Reserve Bank of India (RBI). The company will serve as the group’s dedicated technology and innovation arm, building capabilities in emerging technologies and digital infrastructure services.

NPCI is the organisation behind major payment systems used across India, including the Unified Payments Interface (UPI), RuPay, Immediate Payment Service (IMPS), National Automated Clearing House (NACH), Aadhaar Enabled Payment System (AePS), National Electronic Toll Collection (NETC) and e-RUPI. NTSL adds a specialised technology unit alongside these payment operations.

“Technology has been at the core of NPCI’s journey and its contribution to India’s digital transformation. As we look ahead, advancements in Artificial Intelligence and other emerging technologies are creating new possibilities across digital infrastructure and financial services. NTSL has been established to focus on these opportunities and further strengthen the NPCI Group’s technology capabilities.”

Dilip Asbe, MD and CEO of NPCI

NTSL Focus Areas Include AI and Blockchain

NPCI Tech Solutions Limited (NTSL) will work across several technology areas. NPCI has identified the following focus areas for the subsidiary:

• Artificial Intelligence (AI): Building capabilities in AI for digital infrastructure and financial services.
• Blockchain: Developing technology capabilities around blockchain-based systems.
• Digital financial infrastructure: Supporting technology platforms and infrastructure used in financial services.
• Global Capability Centre (GCC) services: Providing technology and capability services within this area.

The announcement describes these as areas for capability building. It does not set out specific AI or blockchain products, customer-facing launch dates, investment amounts or revenue targets. Those details should not be assumed until NPCI or NTSL announces them.

NTSL to Support eKYC Setu and Unified Ticketing Platform

NTSL will also provide technology services for eKYC Setu, the Unified Ticketing Platform (UTP) and other Digital Public Infrastructure (DPI) programmes. These services form part of the NPCI Group’s wider technology initiatives.

Digital Public Infrastructure refers to technology systems and platforms designed to support services at a broad scale. In this case, NPCI has named eKYC Setu and UTP as programmes that will receive technology services from the subsidiary. The announcement does not specify the exact tasks, feature changes or rollout schedule for these platforms.

Vishal Kanvaty Appointed NTSL MD and CEO

NPCI has appointed Vishal Kanvaty to lead NPCI Tech Solutions Limited (NTSL) as its Managing Director and Chief Executive Officer. He joined NPCI in 2017 and has been with the organisation for nearly a decade. Kanvaty currently serves as NPCI’s Chief Technology Officer, a role he took up in April 2023.

During his time at NPCI, Kanvaty has worked on product and innovation roles and led the development and commercialisation of market innovation platforms. NPCI says several of those platforms now fall within NTSL’s focus areas. He will lead the subsidiary as it builds capabilities across these technology domains.

NPCI’s Fourth Wholly Owned Subsidiary

NTSL joins three other wholly owned subsidiaries under NPCI. These companies have separate responsibilities across the group’s services:

• NPCI International Payments Limited (NIPL): Supports the international expansion of UPI and RuPay.
• NPCI Bharat BillPay Limited (NBBL): Operates the bill payment network.
• NPCI BHIM Services Limited (NBSL): Runs the BHIM app.
• NPCI Tech Solutions Limited (NTSL): Focuses on AI, blockchain, digital financial infrastructure and GCC services.

NPCI Tech Solutions Limited (NTSL) creates a separate unit for NPCI’s emerging technology initiatives. It is NPCI’s fourth wholly owned subsidiary, following NPCI International Payments Limited (NIPL), NPCI Bharat BillPay Limited (NBBL) and NPCI BHIM Services Limited (NBSL). It is not a new UPI payment app or a replacement for NPCI’s existing payment systems.

For related coverage, see how the UPI real-time payment system continues to expand and the details of India’s UPI MDR framework for eligible mobile recharge transactions.

More information about NPCI and its payment infrastructure is available on the official NPCI website.

Conclusion

NPCI officially announced NPCI Tech Solutions Limited (NTSL) on November 4, 2026, after approval from its board and the RBI. The wholly owned subsidiary will strengthen the group’s work in AI, blockchain, digital financial infrastructure and GCC services. With Vishal Kanvaty as MD and CEO, NTSL will also support eKYC Setu, UTP and other DPI programmes.

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