India’s NPCI Launches New Unit to Push Into AI and Blockchain

The National Payments Corporation of India, known widely as NPCI, has set up a new unit dedicated to technology and innovation. Finextra Blockchain reported the move first. Fintech News Singapore followed with additional detail, describing the unit as an arm focused on artificial intelligence and blockchain. NPCI operates some of the most heavily used financial infrastructure in the world. It runs the Unified Payments Interface, or UPI, which processes billions of transactions each month across India. It also oversees other national payment systems, including RuPay card networks and the Immediate Payment Service.