NPCI launches new tech subsidiary to boost payments innovation in India
- IBEF
- October 8, 2025
The National Payments Corporation of India (NPCI) has launched a new subsidiary, NPCI Tech Solutions Limited (NTSL), to drive experimentation and breakthrough innovations in the fintech sector, a senior NPCI official stated. NTSL joins NPCI’s existing subsidiaries, NPCI Bharat Interface for Money (BHIM) Services Limited (NBSL), NPCI International Payments Limited (NIPL), and NPCI Bharat BillPay Limited (NBBL). Speaking at the Global Fintech Fest 2025 in Mumbai, Non-executive Chairman and Independent Director, NPCI, Mr. Ajay Kumar Choudhary, said that NTSL aims to serve as a “cradle for future tech innovation,” nurturing bold ideas into solutions for India’s digital economy.
NPCI continues to expand its domestic and international payments ecosystem, with NIPL linking Unified Payments Interface (UPI) with payment systems across Asia, Africa, the Middle East, and Europe. The organisation is focused on enhancing the international acceptance of UPI and RuPay, promoting interoperability, and developing efficient cross-border remittance corridors aligned with the G20 objective of lowering global remittance costs. In India, UPI has achieved over 20 billion monthly transactions, reflecting its growing prominence in real-time digital payments. NPCI’s vision is to empower global citizens, particularly in the Global South, to design sovereign, interoperable, and resilient real-time payment systems.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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