RBI plans to revive once-shelved idea for NPCI rival
The central bank hasn’t completely abandoned the plan to create an alternative to India’s flagship payment processor. But the competing consortiums, including the likes of Reliance, Tata, Google and Meta, still have a long way to go.
3 January, 2024•9 min
0
3 January, 2024•9 min
0
Getting your Trinity Audio player ready...
More in Internet
Internet
India’s sovereign AI ambition is getting ahead of itself
From GPUs to LLMs, India’s AI stack is deeply global—making ‘sovereign AI’ more aspiration than reality.
You may also like
Internet
A question of trust at Paytm
The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
Business
Yes Bank’s comeback is real, but incomplete
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
Internet
RBI’s fraud fix could give banks a headache
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.