We are almost there ...
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.
03 January, 2024•9 min
0
03 January, 2024•9 min
0
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
Limited time offer $125 $99 for 1 year
SUBSCRIBE
Already have an account? Sign In
More in Internet
Internet
PhonePe begins preparations for IPO
This comes a little over two years after the Walmart-backed digital payments company shifted its domicile back to India from Singapore.
You may also like
Chaos
When the US stoops to corporate interests, democracy suffers
The Trump administration’s unprecedented kowtowing to corporate power poses an existential question for democracy worldwide
Internet
LenDenClub is flouting RBI rules to run its business
The P2P lending platform is the only one that is still doing substantial business after the central bank tightened the rules last August, virtually shutting down the sector. It has carried on as though the new rules don’t exist.
Economy
The e-rupee is proof Trump made a good point about CBDCs
Anything that an average user can achieve with the e-rupee, they can already do with UPI. But there is a different purpose altogether for the digital currency.
