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Citing that privatisation could compromise data safety, the central bank has been asked by a union representing India's largest state-run bank and a global alliance to bar large companies from setting up payment networks. In order…

Tata Group, TCS Can Launch UPI Alternative & ATM Network! SuperApp's Own Payment System? After Reliance Jio and the State Bank of India now, Tata groups is also planning to build a new mass-market payments entity that would rival…

HDFC Bank plans to set up a pan India umbrella entity to boost retail payment in the country. On August 18, the regulator bank RBI released the framework for authorizing umbrella entities for retail payments, pan-India. Consequently,…