Vishal Kanvaty appointed as MD and CEO of newly formed NPCI Tech Solutions Limited

Key facts

• The National Payments Corporation of India (NPCI) has established a new wholly owned subsidiary named NPCI Tech Solutions Limited (NTSL) to focus on artificial intelligence, blockchain, digital financial infrastructure, and global capability centre services.
• Vishal Kanvaty, who served as the chief technology officer of the NPCI, has been appointed as the managing director and chief executive officer of NTSL.
• The establishment of NTSL received approval from the NPCI board and the Reserve Bank of India (RBI).
• NTSL is the fourth wholly owned subsidiary of the NPCI, joining NPCI International Payments Limited (NIPL), NPCI Bharat BillPay Limited (NBBL), and NPCI BHIM Services Limited (NBSL).