Reliance to launch digital payment network with Facebook, Google: Report

Reliance to launch digital payment network with Facebook, Google: Report

Mukesh Ambani-led Reliance Industries has tied up with Facebook, Google and fintech startup Infibeam to set up a national digital payment network, The Economic Times reported on Saturday. Last year, the RBI had invited companies to form new umbrella entities (NUEs) to create payment networks to rival National Payments Corporation of India’s Unified Payments Interface (UPI).

News Source: Reuters

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