Canara Bank Integrates NPCI BHIM Services Limited (NBSL) UPI Technology

Key facts

• Canara Bank will integrate NPCI BHIM Services Limited (NBSL) bank plugins to offer Unified Payments Interface (UPI) services on its banking app, Canara ai1Pe.
• Canara Bank is the first financial institution to adopt this technology stack approach from NBSL to host UPI features and upgrades.
• NBSL was established as a wholly owned subsidiary of the National Payments Corporation of India (NPCI) in 2024.
• The Unified Payments Interface (UPI) recorded 21.63 billion transactions worth ₹27.97 trillion at the end of 2025.
• The Public Sector Undertaking (PSU) Bank index grew by 31% in 2025, outperforming the Nifty for the fifth consecutive year.
• The Indian Rupee (INR) breached the 91 per US Dollar mark as Foreign Portfolio Investors (FPIs) sold ₹29,300 crore in 2026.
• In 2025, BHIM presented a proof of concept for BHIM Vishwas, a technology stack designed for white-labeling payment capabilities for banks.