Friday, 24 March, 2023

Policybazaar, Paytm, Ola, IndusInd Bank team up for NUE bid

<p>Policybazaar, Paytm, Ola Financial, IndusInd Bank and a consortium player is planning to set up a New Umbrella Entity (NUE) to build a national payments infrastructure firm, said media reports. These companies, together, will set up a company by the name of &quot;Foster Payment Network&quot; which will front the NUE bid under RBI&#39;s framework. Three Paytm group entities and Mumbai-based Electronic Payment and Services are expected to co-promote the new Foster.</p>