SBI staff union, global associations ask RBI to rethink NUE policyAs many as six consortiums, including one led by multinational company Amazon, have applied for a New Umbrella Entity (NUE) licence from th...
Infibeam says it has signed definitive agreement with Reliance Industries’ Jio Platforms, have applied for NUEThe company said that it has applied to the RBI for Retail Payments (Payments Network) license through its subsidiary So Hum Bharat Digital...
A second Covid wave is here, putting India’s demographic dividend to testIndia like many countries had seen its growth being impacted following the Covid pandemic. The country has seen some revival in the last fe...
Six consortiums apply to RBI for NUE licence for retail paymentsThis includes consortiums are led by Paytm, India Post and Fintech startup iserveU.
Govt flags SBI-HDFC Bank-Bank of Baroda's NUE plan to rival NPCIThe government doesn't want public sector banks, which SBI and Bank of Baroda are, to compete against RuPay and UPI that are run by the Nat...
Exclusive: Tata Group takes over SBI bid for NUE licence from RBITata Group will promote its digital payments entity through its subsidiary Ferbine Pvt. Ltd., in which Bharti Airtel, HDFC Bank and Kotak M...
Scoop: Reliance partners Google, Facebook in seeking NUE licence from RBIThe new umbrella entity (NUE) will be jointly promoted by a Reliance unit and Infibeam Avenues' So Hum Bharat, while Facebook and Google wi...
ETtech Exclusive: Paytm, Ola and IndusInd Bank team up to apply for NUE licenceVijay Shekhar Sharma-led Paytm is expected to play a leading role in the consortium, in which Ola Financial and IndusInd Bank will have sig...
Paytm, Ola eye NUE licence with IndusInd Bank to rival NPCIPaytm and Ola — two of India’s largest startups — have joined hands with private sector lender IndusInd Bank to apply for a New Umbrella En...
Government flags SBI-HDFC Bank-Bank of Baroda's NUE plan to rival NPCIThe government doesn't want public sector banks, which SBI and Bank of Baroda are, to compete against RuPay and UPI that are run by the Nat...
Walmart could join other tech giants in picking up stake in one of the NUEsPeople close to the situation said that at least two consortium players preparing to apply for the coveted NUE license have approached Walm...
Infibeam Q2 results: Net profit falls 35%; co to invest in So Hum Bharat Digital PaymentsThe company has also decided to invest in So Hum Bharat Digital Payments to apply to the RBI for a New Umbrella Entity (NUE) license for re...
Google, Amazon, Facebook eye local tieups to set up NPCI rivalGoogle and Facebook have approached Reliance Jio for a partnership while Amazon is considering its options.
Tata Group may take NPCI, SBI & Reliance Jio head on in retail payments playApplications given the green light by the central bank can own and operate a pan India retail payments network under the same provisions of...
Visa and Mastercard are firming up plans to increase competition against NPCIThe companies – among the most valued financial entities on the planet – are pursuing partnership opportunities with prospective applicants...
RBI’s call to form payments entity catches India Inc fancyReliance, Paytm & BSE are among those interested in securing licences to run an entity with powers like NPCI.
RBI has a NUE plan for digital payment playersThe NUE should also maintain a minimum net-worth of Rs 300 crore always.