another_armchair
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Given their presence in the B2C segment, am surprised they haven't ventured into retail banking and electronic payments.Slowly we are moving away from aaahhhemmm -- Russi UKI war doing some good in our domestic banking and payment systems
TATA Group To Compete With Google Pay, Phone Pe, And Paytm With Its Own UPI App
The Tata Group is in negotiations with private lender ICICI Bank to power its UPI infrastructure through its digital commerce business Tata Digital.
The Tata Group has applied to the National Payments Corporation of India (NPCI) for permission to join the Unified Payments Interface (UPI) as a third-party payment service provider for digital payments. Tata Digital, the Tata Group's digital commerce subsidiary, is in negotiations with ICICI Bank to use its UPI infrastructure
When coping with high transaction volumes, UPI apps choose to collaborate with many banks to spread the burden. GooglePay, for example, accepts UPI from the State Bank of India, HDFC Bank, and ICICI Bank. Tata Digital and ICICI Bank did not respond to emails made to them. NPCI's spokeswoman did not immediately respond to a request for comment. Tata Digital has established a new financial marketplace firm, Tata Fintech, in January to provide a variety of financial goods, including a retail payment gateway.
SEE ALSO: Nepal To Soon Receive UPI Services From India: All You Need To Know
TATA Group To Compete With Google Pay, Phone Pe, And Paytm With Its Own UPI App - Tech (mashable.com)
UPI KT SESSION FOR MEMBERS IF NEEDED
UPI: Unified Payments Interface - Instant Mobile Payments | NPCI
www.npci.org.in
Imagine owning an IT behemoth like TCS and not leveraging it in the Indian BFSI and payments space.
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