FinTech 06 November 2026
NPCI Launches Tech Arm NTSL for AI and Blockchain; Appoints Vishal Kanvaty as MD & CEO
Why in the News?
The National Payments Corporation of India (NPCI) has set up a new wholly-owned subsidiary named **NPCI Tech Solutions Limited (NTSL)** to serve as the group's dedicated technology and innovation arm. **Vishal Kanvaty**, Chief Technology Officer of NPCI, has been appointed as its MD & CEO.
Key Features / Major Points:
- Approvals & Structure:
- Formed with approval from the Reserve Bank of India (RBI) and the NPCI Board.
- Marks NPCI’s **fourth wholly owned subsidiary**, joining NIPL, NBBL, and NBSL.
- Core Focus Areas:
- Artificial Intelligence (AI), Blockchain, Digital Financial Infrastructure, and Global Capability Centre (GCC) services.
- Technical operational support for Digital Public Infrastructure (DPI) initiatives such as eKYC Setu and the Unified Ticketing Platform (UTP).
- Leadership:
- **Vishal Kanvaty** joined NPCI in 2017 and has served as its CTO since April 2023.
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Static GK Facts:
- National Payments Corporation of India (NPCI):
- Formed: **2008** (Under Payment and Settlement Systems Act, 2007).
- Promoters: **Reserve Bank of India (RBI)** and **Indian Banks' Association (IBA)**.
- Headquarters: **Mumbai, Maharashtra** | MD & CEO: **Dilip Asbe**.
- Other Subsidiaries of NPCI:
- **NIPL:** NPCI International Payments Limited (Global deployment of UPI/RuPay).
- **NBBL:** NPCI Bharat BillPay Limited (Bill payment network).
- **NBSL:** NPCI BHIM Services Limited (BHIM app management).
- Major Products Operated:
- UPI, RuPay, IMPS, NACH, FASTag (NETC), AePS, and e-RUPI.
One-Liner Quiz (All Competitive Exams):
Q: What is the name of NPCI's newly launched 4th subsidiary focused on AI, Blockchain, and DPI?
A: NPCI Tech Solutions Limited (NTSL)
Q: Who has been appointed as the MD & CEO of NPCI Tech Solutions Limited (NTSL)?
A: Vishal Kanvaty
Q: Where is the headquarters of the National Payments Corporation of India (NPCI) located?
A: Mumbai, Maharashtra
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