Vishal Kanvaty becomes new CTO of the National Payments Corporation of India

New Delhi (India), 11th April 2023: As it prepares to expand the footprint of UPI in other nations alongside the Reserve Bank of India, National Payments Corporation of India (NPCI) on April 11 announced the hiring of Vishal Anand Kanvaty as its chief technology officer. (RBI).

Kanvaty, who has been promoted from his previous position as the organisation’s chief of market innovation, will oversee new-age technology and the organisation’s transformational process in his new position.

Kanvaty has pioneered new technological applications to business process automation, and according to NPCI, he has expertise developing a variety of credit card, e-commerce, and mobile banking products with operational exposure.

Dilip Asbe, MD and CEO of NPCI said, “Kanvaty has been an invaluable member of our team for six years, and we are thrilled to see him assume this new and important role. As our new CTO, he brings with him a wealth of knowledge, expertise, and experience in the field of technology and innovation.”

He further added, “His leadership, vision, and commitment to excellence will be instrumental in driving the company’s growth journey.”

The NPCI was established in 2008 and since then it has developed a variety of retail payment products, including the RuPay card, NETC FasTag, BHIM Aadhaar, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), and Bharat BillPay.