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Adani Group is considering applying for a license to operate on India's public digital payments network and planning a co-branded credit card with banks, aiming to enter the booming digital payments market.
Adani Group is reportedly planning to enter India's e-commerce and payments services, such as UPI and ONDC
This move marks a significant step in the conglomerate's efforts to diversify into the fast-growing consumer markets of digital payments and e-commerce.
TECH NEWS : Adani Group, led by billionaire Gautam Adani, diversifying into e-commerce and digital payments sectors in India per FT report.
India's payments market is expected to reach $814.43 billion in 2029, from $357.51 billion in 2024.