 "Six consortiums in the fray to bag NUE licence for retail payments")
As the deadline to apply for a new umbrella entity (NUE) licence comes to an end, atleast six consortiums are in the fray to bag the coveted licence to set up a for-profit National Payments Corporation of India (NPCI)-like body for retail payments.
The race to get a licence has seen intense competition as a number of banks, fintech companies, payment firms, tech and e-commerce giants have shown interest in being part of consortiums. So far, it is not known how many licences are on offer. But experts have suggested that at least two licences for setting up a
The race to get a licence has seen intense competition as a number of banks, fintech companies, payment firms, tech and e-commerce giants have shown interest in being part of consortiums. So far, it is not known how many licences are on offer. But experts have suggested that at least two licences for setting up a
