The National Payments Corporation of India (NPCI) has initiated a partnership with the Indian Institute of Science (IISc) to research blockchain and AI technologies.

A new 'NPCI-IISc Centre of Excellence for Deep Tech Research & Development' will be established in Bangalore.

The collaboration will tackle technological challenges in scalability, privacy, neural networks, Graph AI, and Large Language Models.

The partnership aims to enhance the payments landscape and promote research, development, and professional growth in deep tech.

NPCI researchers and IISc faculty will jointly work on projects involving distributed systems, cryptography, and machine learning to improve the scalability and effectiveness of NPCI's billion-scale platforms.

The alliance with IISc, a leading institute in advanced technological research, marks a significant move to advance India's payment systems through deep technology.