NPCI unveils tech subsidiary NTSL to drive innovation in payments

NTSL becomes NPCI’s fourth subsidiary, aimed at driving fintech innovation, joining NBSL, NBBL, and NIPL, which manage BHIM UPI, Bharat BillPay, and global UPI expansion, respectively, following successful launches like UPI Lite and Credit on UPI

The National Payments Corporation of India (NPCI) has announced the creation of a new subsidiary, NPCI Tech Solutions Limited (NTSL), to serve as a dedicated hub for cutting-edge experimentation and technological innovation in the digital payments space.

The announcement was made by Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director of NPCI, during his address at the Global Fintech Fest 2025 in Mumbai. Choudhary described NTSL as a platform where “bold ideas can be nurtured into reality for the digital economy,” marking NPCI’s continued commitment to advancing India’s fintech capabilities.

Fourth subsidiary in NPCI’s growing ecosystem

NTSL becomes the fourth subsidiary under NPCI, joining NPCI BHIM Services Limited (NBSL), NPCI Bharat BillPay Limited (NBBL), and NPCI International Payments Limited (NIPL). While NBSL manages the BHIM UPI app, NIPL is focused on global UPI expansion, and NBBL oversees the Bharat BillPay ecosystem.

With NTSL, NPCI aims to accelerate the development of new fintech products and services. Previous innovations such as UPI Lite, Credit Card on UPI, and Credit Line on UPI have already demonstrated the organisation’s focus on delivering inclusive, efficient, and user-friendly payment solutions.

Global push for UPI and RuPay

Speaking on NPCI’s global ambitions, Choudhary emphasized the role of NIPL in linking UPI with international payment systems across Asia, Africa, the Middle East, and Europe. “Our vision is to empower the Global South with sovereign, interoperable real-time payment systems,” he stated.

He also highlighted the strategic push to expand the international acceptance of UPI and RuPay, alongside efforts to improve cross-border remittance infrastructure. “We aim to build affordable and secure corridors that align with the G20’s goal of lowering global remittance costs,” Choudhary noted.

Currently, India’s UPI system processes over 20 billion monthly transactions, reflecting its role as a backbone of the country’s digital payments revolution.