Bank of Baroda invests in new digital payment intelligence firm

Bank of Baroda announced its decision to subscribe to 100 million equity shares of Indian Digital Payment Intelligence Corporation (IDPIC), acquiring a 50% stake in the newly formed company. This investment totals ₹10,00,00,00,000, with shares priced at a face value of ₹10 each, and is expected to be completed by December 15, 2025. The bank received RBI approval on December 9, 2025, to establish IDPIC as a Section 8 Company under the Companies Act, 2013.

IDPIC, incorporated on October 16, 2025, with an authorized share capital of ₹500,00,00,000 and paid-up capital of ₹20,00,00,000, will function as a Digital Payments Intelligence Platform. Its core mission is to promote the integrity, security, and resilience of India's digital payments ecosystem. The company aims to achieve this by developing robust digital public infrastructure that leverages advanced technologies like AI, machine learning, and blockchain to combat payment fraud and facilitate real-time data sharing across the payment ecosystem.

The initiative seeks to provide data-driven insights and threat intelligence, supporting banks and financial institutions in fraud detection and prevention. As a recently incorporated entity, IDPIC is yet to commence commercial operations and does not have historical financial turnover information.