RIL, Google, Facebook to be pitted against Visa, Mastercard; here s how
The consortium comprising Google, Facebook and Infibeam Avenue will likely offer its payment services overseas. The NUE, if granted an operating licence, is going to be positioned against global payments giants such as Mastercard and Visa in some markets
BusinessToday.In | April 5, 2021 | Updated 12:18 IST
The RIL-led consortium had applied for the NUE licence last week
Reliance Industries Ltd (RIL)-led consortium is planning to take its proposed New Umbrella Entity (NUE) global. The consortium comprising Google, Facebook and Infibeam Avenue will likely offer its payment services overseas.
The NUE, if granted an operating licence, is going to be positioned against global payments giants such as Mastercard and Visa in some markets.