SBI plans foray into digital payments, set to rival National Payments Corporation of India

The framework for the NUE was released by the Reserve Bank of India last week, with the central bank also opening the window for applications. Entities receiving approval can set up a payments company for owning and operating a pan-India digital payments network, exercising the same powers as NPCI.

from Banking/Finance-Industry-Economic Times https://ift.tt/32t1VDA