The new wholly owned company will work across AI, blockchain and digital public infrastructure, with longtime NPCI executive Vishal Kanvaty appointed managing director and chief executive.
The National Payments Corporation of India has created NPCI Tech Solutions Limited as a wholly owned subsidiary and named Vishal Kanvaty its managing director and chief executive. The new company is intended to broaden the group’s work beyond payment operations, with responsibilities spanning artificial intelligence, blockchain, digital financial infrastructure and Global Capability Centre services, Elets BFSI reported.
NTSL is also expected to provide technology support for eKYC Setu, the Unified Ticketing Platform and other Digital Public Infrastructure programmes. NPCI’s official brochure describes eKYC Setu as a service through which regulated financial organisations can carry out Aadhaar-based online identity checks, using options including one-time passwords and face authentication.
Kanvaty has worked with NPCI for nearly a decade and led the development and commercialisation of platforms that now sit within the subsidiary’s remit, according to Elets BFSI. NPCI’s management page lists him among its senior leaders. Dilip Asbe, NPCI’s managing director and chief executive, said the organisation had established NTSL to pursue opportunities created by advances in AI and other emerging technologies.
The move adds a dedicated technology vehicle to an organisation already operating businesses focused on international payments, bill payments and BHIM services. Business Standard reported that NPCI chairman Ajay Kumar Choudhary had described NTSL as a setting for fintech experimentation and new ideas for the digital economy. The same report outlined the group’s wider ambitions around international acceptance of UPI and RuPay, as well as cross-border payment links and remittances.
NPCI has also been developing AI applications for its payments ecosystem. In a February 2026 announcement, the organisation said it was working with NVIDIA on AI capabilities designed for India’s payment systems, with attention to security, resilience and data sovereignty. NPCI said a pilot UPI Help Assistant was intended to support grievance handling, illustrating one area where the group sees potential for technology beyond transaction processing.
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