India's National Payments Corporation Establishes New Subsidiary for Emerging Technologies
The National Payments Corporation of India announced the creation of a wholly owned subsidiary named NPCI Tech Solutions Limited to function as its technology and innovation division. The new unit will concentrate on artificial intelligence, blockchain, digital financial infrastructure, and global capability centre services. Vishal Kanvaty, the organization's chief technology officer, will serve as the managing director and chief executive officer. NPCI stated that the initiative aims to expand capabilities beyond core retail payments and support India's digital public infrastructure programs.
Originally published by CNA | 4 November 2026 | Read original: https://www.channelnewsasia.com/business/indias-payments-authority-npci-forms-unit-push-ai-blockchain-tech-6523796
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