Finance Breaking news Facebook and Google eye Indian digital payment network - Economic Times last financial news

Breaking-Finance.Com - Facebook and Google are teaming up with Indian firms Infibeam and Reliance Industries on an application to set up a national digital payment network in the South Asian country, according to the Economic Times.

Finance Breaking news Facebook and Google eye Indian digital payment network - Economic Times last financial news

Breaking-Finance.Com - Facebook and Google are teaming up with Indian firms Infibeam and Reliance Industries on an application to set up a national digital payment network in the South Asian country, according to the Economic Times.

Finance Breaking news Facebook and Google eye Indian digital payment network - Economic Times last financial news
01 March 2021 - 16:45

Breaking-Finance.Com - Facebook and Google are teaming up with Indian firms Infibeam and Reliance Industries on an application to set up a national digital payment network in the South Asian country, according to the Economic Times. The Reserve Bank of India has invited companies to create new umbrella entities (NUEs) that build payments networks that offer an alternative to the bank-owned not-for-profit National Payments Council of India.Citing sources, the Economic Times says that Google, Facebook, conglomerate Reliance and fintech firm Infibeam are at an advanced stage in submitting their plan to the central bank.

. Another American giant, Amazon, is rumoured to have teamed up with ICICI Bank to explore its own NUE play. The Reserve Bank is expected to award two licences.

Source = Breaking-Finance.Com

Financial breaking news

This news 15 hits received.

Finance Breaking news Facebook and Google eye Indian digital payment network - Economic Times last financial news


Finance Breaking news Facebook and Google eye Indian digital payment network - Economic Times last financial news


Finance Breaking news Facebook and Google eye Indian digital payment network - Economic Times last financial news


Finance Breaking news Facebook and Google eye Indian digital payment network - Economic Times last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news Apple lets couples co-own card to build credit together last financial news
Finance Breaking news Apple lets couples co-own card to build credit...
Finance Breaking news JP Morgan, Morningstar and Broadridge invest in Tifin last financial news
Finance Breaking news JP Morgan, Morningstar and Broadridge invest in...