The National Payments Corporation of India has launched a new subsidiary, NPCI Tech Solutions Limited, to focus on fintech experimentation and breakthrough innovations, expanding NPCI’s role in global digital payments.
Ajay Kumar Choudhary, non-executive chairman and independent director of NPCI, said the new subsidiary will serve as a “cradle for future tech innovation in the area—a space where bold ideas can be nurtured into reality for the digital economy.”
NPCI Tech Solutions Limited joins three existing subsidiaries: NPCI BHIM Services Limited, NPCI International Payments Limited, and NPCI Bharat BillPay Limited. The move is part of NPCI’s broader strategy to expand the reach of its digital payment systems, including UPI and RuPay, both domestically and internationally.
Choudhary highlighted that NPCI’s international payments arm is working to link UPI with payment systems across Asia, Africa, the Middle East, and Europe. The focus is also on building affordable, secure, and efficient cross-border remittance corridors, aligning with global objectives to lower remittance costs.
NPCI has previously launched products such as credit cards on UPI, credit lines on UPI, and UPI Lite to enable faster transactions. The organization operates India’s real-time payments system, UPI, which now processes over 20 billion transactions monthly.
“Another pillar of our strategy is interoperability—expanding the international acceptance of UPI, RuPay, and other NPCI innovations, while enabling countries, especially in the Global South, to design and launch their own sovereign and resilient real-time payment systems,” Choudhary added.
The announcement was made at the Global Fintech Fest 2025 in Mumbai, highlighting NPCI’s commitment to innovation and global digital payments leadership.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
