NPCI's expansion into artificial intelligence (AI), blockchain and digital financial infrastructure raises the question of whether the organisation that built India's largest retail payments network can replicate its success in other technology domains.

NTSL will provide technology services for eKYC Setu, the Unified Ticketing Platform and other digital public infrastructure programmes

NPCI has already developed FiMI, a domain-specific AI model for India's payments ecosystem, and introduced an AI-powered UPI Help Assistant.

Its partnership with Nvidia aims to develop AI capabilities for the payments ecosystem, with potential applications for banks and fintech companies.

Whether NPCI can replicate UPI's success will depend on its ability to develop applications beyond payments and attract clients outside its existing ecosystem.

The National Payments Corporation of India ( NPCI ), which operates UPI , RuPay and other retail payment systems, is expanding the mandate of its technology subsidiary to develop capabilities in AI, blockchain, digital financial infrastructure and global capability centre (GCC) services. Through its wholly owned subsidiary NPCI Tech Solutions Limited (NTSL), it is seeking to extend its capabilities beyond payment systems to a wider range of financial and digital infrastructure applications. NTSL will also provide technology services for initiatives such as eKYC Setu, the Unified Ticketing Platform (UTP) and other digital public infrastructure programmes. NPCI has appointed its chief technology officer Vishal Kanvaty as the subsidiary's managing director and chief executive. Advt

The move gives NPCI a separate organisational platform to pursue technology development beyond its existing payment operations. While its other subsidiaries are largely organised around specific payment businesses, NTSL has a broader technology mandate covering multiple domains.

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