NPCI Unleashes New Tech Subsidiary to Power the Next Era of Indian Payments

The National Payments Corporation of India (NPCI) has set up a new company called NPCI Tech Solutions Limited (NTSL). As per the news reports, the entity has been formed to focus on technology development, experimentation, and innovation in the payments sector. This is the fourth subsidiary under NPCI.

Other Subsidiaries

NPCI already operates three other subsidiaries. These are NPCI BHIM Services Limited (NBSL), which manages BHIM UPI services, NPCI International Payments Limited (NIPL), which works on expanding UPI globally, and NPCI Bharat BillPay Limited (NBBL), which handles the Bharat BillPay system.

NPCI at Global Fintech Fest

Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director of NPCI, announced the new unit at the Global Fintech Fest 2025 in Mumbai. He said NTSL would focus on breakthrough work in payments and technology.

UPI and International Expansion

NPCI operates India’s real-time payments platform, the Unified Payments Interface (UPI). Through NIPL, NPCI is working on linking UPI with payment systems across Asia, Africa, the Middle East, and Europe. The plan is to help more countries develop interoperable real-time payment systems suited to local needs.

Interoperability and RuPay

Another area of work is increasing the international acceptance of UPI and the domestic card network RuPay. NPCI is also engaged in creating systems for cross-border remittances. This is aligned with the G20 target of reducing remittance costs and making global transfers easier and more secure.

NPCI has earlier introduced digital products such as a credit card on UPI, a credit line on UPI, and UPI Lite for faster and smaller transactions. These steps have supported the rise of UPI, which now records over 20 billion monthly transactions in India.

Read More: UPI Dominates Digital Payments, Hits 84% Share in FY25!

Conclusion

With the creation of NTSL, NPCI has added another subsidiary to its structure. The new entity will focus on technology and payments innovation while NPCI continues to expand both in India and internationally.

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