Friday, 24 March, 2023

Facebook, Google, Reliance partner to set up digital payment network bid

<p>Facebook, Google, and Infibeam have partnered with Reliance Industry to introduce a digital payment network in India. To create a competition for NPCI, India&rsquo;s central bank invited companies to set up new umbrella entities, to reduce concentration risks in the space. An Assocham-PWC India study said, there could be a rise to &nbsp;$135.2 bn in digital payments in 2023. The RBI extended the last date for proposal submission for NUE applications to March 31.</p> <p>&nbsp;</p>