National Payments Corporation of India (NPCI) today announced the formation of NPCI Tech Solutions Limited (NTSL) as its wholly owned subsidiary and appointment of Vishal Kanvaty as the Managing Director & Chief Executive Officer (MD & CEO) of NTSL.
NTSL has been established as the technology and innovation arm of NPCI Group. It will build capabilities beyond NPCI’s core payments mandate, with a focus on Artificial Intelligence (AI), Blockchain & Digital Financial Infrastructure and Global Capability Centre (GCC) services. NTSL will also provide technology services for eKYC Setu, Unified Ticketing Platform (UTP) and other Digital Public Infrastructure (DPI) programmes, supporting the expansion of the Group’s technology initiatives.
Vishal, who has been associated with NPCI for nearly a decade, has led the development and commercialisation of several market innovation platforms that now form part of NTSL’s focus areas and will lead the company as it builds capabilities across these emerging technology domains.
Dilip Asbe, Managing Director & CEO, NPCI, said, “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. We are pleased to have Vishal lead NTSL and are confident that his experience and leadership will guide its growth and future direction.”
