Adani group plans e-commerce, payments foray

The conglomerate’s plan to enter customer-facing businesses comes as part of efforts to take on companies like Reliance Industries (in e-commerce) and Google (in digital payments).

The Adani group is planning to enter e-commerce and payment services, Financial Times reported on Tuesday, citing four people familiar with the matter.

The conglomerate is mulling applying for a Unified Payments Interface (UPI) licence and is also in discussions with banks to launch a co-branded credit card. If this goes through, the Adani group will compete with Google Pay and PhonePe in India's digital payments space.

Apart from this, the group is also engaged in negotiations to offer online shopping via Open Network for Digital Commerce—the government-backed public e-commerce platform. ONDC and UPI are key components of India’s digital …

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Ujjaini Dutta

Ujjaini writes for Yesterday at The Morning Context. She joins us from MEA WorldWide, where she worked as a sub-editor, and has previously worked as an editorial intern at The Wire’s LiveWire. Ujjaini published her debut novel—Manik-er Khata—in 2022.

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