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Exclusive: Tata Group takes over SBI bid for NUE licence from RBI SECTIONS Share Synopsis Tata Group will promote its digital payments entity through its subsidiary Ferbine Pvt. Ltd., in which Bharti Airtel, HDFC Bank and Kotak Mahindra Bank are also stakeholders. Mastercard and PayU are also part of the consortium. Reuters An NUE licence will go a long way in helping Tata Group lay the groundwork for its Super App against Reliance Group and Amazon, which are also in the fray to set up a new umbrella entity for digital payments under RBI guidelines. Related Mumbai: The Tata Group has taken over State Bank of India s bid for a New Umbrella Entity (NUE) payments licence, after the state-run lender s bid

Kotak mahindraTata cliMukesh ambani reliance groupTata groupNational payments corporation of indiaTata consultancy servicesKotak mahindra bankState bankNew umbrella entityAirtel digitalNasper backed payuTata sonsReserve bankUnified payments interfaceNational payments corporationSuper app