Reuters reported that India's National Payments Corporation (NPCI) has established a wholly owned technology subsidiary, NPCI Tech Solutions Limited (NTSL), focused on AI, blockchain, digital financial infrastructure and global capability center services. According to Foresight News, NPCI said NTSL will expand its capabilities beyond NPCI's core payment business and provide technology services for several of India's digital public infrastructure projects. NPCI Chief Technology Officer Vishal Kanvaty was appointed NTSL's managing director and chief executive officer. NTSL is NPCI's fourth wholly owned subsidiary. NPCI operates India's retail payment and settlement systems, including the Unified Payments Interface (UPI).