NPCI Signals AI Role in UPI's Next Phase as FiMI Model Aids Over a Million Users

Dilip Asbe, MD and CEO of NPCI, which operates India's real-time payments system UPI, said AI will be used "very effectively" in UPI's next growth phase spanning user expansion, fraud prevention and credit provision. TechCrunch reported the remarks, drawn from an interview at Mumbai Tech Week in May 2026, in which Asbe also revealed that FiMI (Finance Model for India), a finance-specific language model built in-house by NPCI, has already supported more than a million users through the UPI Help Assistant.