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Facebook, Amazon, Google are among the firms applying for retail payment systems licences in India, Bloomberg reports.

By Saritha Rai, Technology giants Facebook Inc., Amazon.com Inc. and Google and credit-card providers Visa Inc. and Mastercard Inc. are among those vying for unprecedented access to India’s burgeoning digital retail payments market. The companies are part of four consortia preparing to apply for licenses to operate retail payments and settlement systems in the country, people

Amazon, Facebook, Google Said to Vie for Unprecedented Access to India’s Growing Digital Payment Market The companies are part of four consortia preparing to apply for licenses to operate retail payments and settlement systems in the country, according to sources. By Saritha Rai, Bloomberg | Updated: 4 March 2021 10:31 IST Facebook and Google agreed to invest more than $10 billion (roughly Rs. 72,900 crores) in Reliance Jio Highlights Reserve Bank of India is ...

Facebook, Amazon, Google Want Piece Of Indias Digital Payments Market Facebook, Amazon, Google Want Piece Of Indias Digital Payments Market The companies are part of four consortia preparing to apply for licenses to operate retail payments and settlement systems in the country. Digital payments are gaining ground as India is starting to embrace online shopping. Technology giants Facebook Inc., Amazon.com Inc. and Google and credit-card providers Visa Inc. and Mastercard Inc. are among those...

Pine Labs expands in Southeast Asia 4th March 2021 ANTARA/Business Wire New Delhi, India--(Antara/Business Wire)- Pine Labs, a leading merchant commerce platform in Asia, announced key organizational changes to further strengthen its growth opportunities, presence and its commitment to the region. Pine Labs subsidiary, Qwikcilver has made significant progress in evangelising and pioneering the Prepaid Stored Value and Gift Card category in the Southeast Asian region over the last two years. Th...

Technology giants Facebook Inc, Amazon.com Inc and Google and credit-card providers Visa Inc and Mastercard Inc are among those vying for unprecedented access to India’s burgeoning digital retail payments market.

Technology giants Facebook Inc., Amazon.com Inc. and Google and credit-card providers Visa Inc. and Mastercard Inc. are among those vying for unprecedented access to India’s burgeoning digital retail payments market. The companies are part of four consortia preparing to apply for licenses to operate retail payments and settlement systems in the country, people familiar with the matter said. More companies could band together before a March 31 application deadline. In a market where cash is...

Airtel Digital to buy 10% stake in Tata Group-led Ferbine HDFC and Kotak Mahindra banks have also picked up 9.99 per cent stake each in Ferbine. 27 Feb, 2021 - 08:05 AM IST     |     By indiantelevision.com Team     New Delhi: Bharti Airtels wholly-owned subsidiary Airtel Digital is all set to buy 10 per cent in Tata Group’s Ferbine Pvt Ltd for Rs 50,000 cash. With this, the telecom major has joined the race to own a stake in the pan-India umbrella entity (PUE) which has been form...

RBI extends due date for NPCI-rival NUE Top Searches RBI extends due date for NPCI-rival NUE TNN / Updated: Feb 27, 2021, 12:11 IST FacebookTwitterLinkedinEMail (Representative image) MUMBAI: The RBI has extended the deadline for submitting applications to set up a new umbrella entity (NUE) in the payments system that will rival the National Payments Corporation of India (NPCI). Earlier, interested parties were to submit their application by February 26, which has now been extended to March 31....

Updated Feb 26, 2021 | 16:07 IST The NUE framework was unveiled in August last year, with the central bank also opening the window for applications. Entities receiving approval can set up a payments company RBI extends deadline for NUE applications to March 31st&nbsp New Delhi: The Reserve Bank of India on Friday extended the deadline for New Umbrella Entity (NUE) applications to March 31st. The central bank had released the framework for authorisation of pan-India Umbrel...