RIL’s proposed New Umbrella Entity or NUE for payments services, comprising of Infibeam Avenue, Google and Facebook, aims to become a global payments player, said an Economic Times report. The consortium intends to offer payment services in the overseas market will pit it against Visa and Mastercard. RIL will own 40 % of the NUE So Hum Bharat, while the rest of the three players will own around 20 % each.

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