Reliance, Google, Facebook Team Up To Create NUE Rival For NPCI
Shortpedia
Content Team
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Mukesh Ambani-led Reliance Industries is reportedly teaming up with investors Google and Facebook, along with Infibeam Avenues subsidiary So Hum Bharat, to apply for the new umbrella entity (NUE) license from the RBI. Facebook and Google will hold smaller stakes in the consortium. Infibeam subsidiary ‘So Hum Bharat’ will also be a part of the new umbrella entity consortium.
