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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