NPCI Sets Up AI and Blockchain Subsidiary Beyond Payments
The National Payments Corporation of India has set up a wholly owned subsidiary, NPCI Tech Solutions Ltd. The move takes the body beyond payments into AI and blockchain-focused work. It signals how India's payments network is expanding its technology focus.
Quick glossaryNPCI, subsidiary, blockchain
- NPCI
- National Payments Corporation of India, the body that runs many of the country's digital payment systems.
- subsidiary
- A separate company that is fully owned and controlled by a larger parent company, set up for a specific job.
- blockchain
- A shared digital record of transactions that many computers keep copies of, making tampering hard.
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