ETtech Morning Dispatch on March 4, 2021: NUE world order
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It seems like every company wants an
NUE licence these days and with good reason. India is, after all, one of the biggest untapped digital payments markets in the world.
Flipkart,
Mastercard and
PayU have now decided to buy a 30% stake in Ferbine, the consortium headed by Tata Group that wants to set up a rival to the National Payments Corporation of India. Ferbine in turn will face competition from the likes of
Reliance and Amazon as these three biggies look to shape the future of digital payments in India.