New Delhi, Nov. 5 -- The National Payments Corporation of India (NPCI) has established a wholly owned technology subsidiary, NPCI Tech Solutions Limited (NTSL), to strengthen its capabilities in artificial intelligence (AI), blockchain and digital financial infrastructure.

The new entity will serve as NPCI's technology and innovation arm, developing capabilities beyond its core payments operations and providing technology services for India's digital public infrastructure programmes, Reuters reported.

NPCI Chief Technology Officer Vishal Kanvaty, who has been associated with the organisation for nearly a decade, has been appointed managing director and CEO of NTSL.

NPCI CEO Dilip Asbe said advancements in AI and other emerging technolo...