The National Payments Corporation of India has set up NPCI Tech Solutions, a technology and innovation arm focused on artificial intelligence, blockchain, digital financial infrastructure and global capability centre services. The unit is led by chief technology officer Vishal Kanvaty. It is already assigned technology work for the eKYC Setu digital identity verification infrastructure and for a QR-based Unified Ticketing Platform covering transit and cultural uses. Dilip Asbe, managing director and chief executive of NPCI, said the unit was established to focus on opportunities in artificial intelligence and other emerging technologies and to strengthen technology capabilities across the NPCI Group. NPCI, set up by the Reserve Bank of India in 2008, operates UPI and RuPay.
Why it matters: By putting AI, blockchain and digital public infrastructure work in a dedicated subsidiary under the CTO, NPCI is separating product technology for UPI and RuPay from longer-horizon build work that already includes national identity and ticketing projects.
Source: Finextra, November 5, 2026
Related: NPCI tells India’s Supreme Court that merchants cannot pass the UPI MDR on to customers · UPI processes a record 25.47 billion transactions in October · Asia Fintech: NPCI forms NTSL tech subsidiary to work on AI, blockchain and DPI
Image: Pinakpani, CC BY-SA 4.0, via Wikimedia Commons
