Digital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Facebook X (Twitter) Instagram
Trending
  • Nigeria Must Claim Its Seat In Global AI Economy, Experts Warn At GITEX 2025
  • NITDA DG Calls For Pan-African AI Collaboration At GITEX Nigeria 2025
  • Zinox, KongaCares Partner To Unveil Groundbreaking “Computerize Nigeria” initiative At GITEX Nigeria
  • How Two Nigerian Students Won Airtel Africa Foundation Fellowship
  • Konga Unveils “All In All, Everything ×2 – Category Month” Shopping Campaign
  • Nigeria’s Fintech Growth Hinges On Regulator–Operator Partnership, Stakeholders Say
  • NCC Moves To Strengthen Cybersecurity Framework As Telecoms Face Growing Threats
  • RoW Waiver: The Hidden Backbone Of Anambra’s Digital Revolution
Facebook X (Twitter) Instagram
Digital Times NigeriaDigital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Digital Times Nigeria
Home » Facebook And Google Eye Indian Digital Payment Network
Fintech

Facebook And Google Eye Indian Digital Payment Network

DigitalTimesNGBy DigitalTimesNG3 March 2021No Comments1 Min Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
FBK 2
Share
Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp

Facebook and Google are teaming up with Indian firms, Infibeam and Reliance Industries on an application to set up a national digital payment network in the South Asian country, according to the Economic Times.

The Reserve Bank of India has invited companies to create new umbrella entities (NUEs) that build payments networks that offer an alternative to the bank-owned not-for-profit National Payments Council of India.

Citing sources, the Economic Times says that Google, Facebook, conglomerate Reliance and fintech firm Infibeam are at an advanced stage in submitting their plan to the central bank.

Google and Facebook (through WhatsApp) are already significant players in the fast-growing Indian digital payments market.

Another American giant, Amazon, is rumoured to have teamed up with ICICI Bank to explore its own NUE play. The Reserve Bank is expected to award two licences.

 

READ ALSO  CBN, NCC Announce N6.98k As New Charge For USSD Service
#India #Payment Digital Facebook Google Network
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMultiChoice Talent Factory Kicks Off The Year With Acting For Camera Virtual Masterclass
Next Article BREAKING: FG Approves Establishment Of SIM Swap Centres By MNOs, Extends Enrolment Licence Tenure
DigitalTimesNG
  • X (Twitter)

Related Posts

Nigeria’s Fintech Growth Hinges On Regulator–Operator Partnership, Stakeholders Say

2 September 2025

Again, PalmPay Earns Spot On CNBC, Statista’s 2025 Global Top 300 Fintech Companies List

22 July 2025

PalmPay Partners With Leading Insurers To Bring Affordable Coverage To Millions Of Nigerians

9 July 2025

PalmPay Unveils ‘Passing The Baton’ CSR Initiative To Drive Financial Inclusion In Northern Nigeria

30 May 2025

BREAKING: KongaPay Makes Significant Stride, Secures Three ISO Certifications

7 May 2025

PalmPay Pushes For Contactless Payments At BusinessDay Conference

6 May 2025

Comments are closed.

Categories
About
About

Digital Times Nigeria (www.digitaltimesng.com) is an online technology publication of Digital Times Media Services.

Facebook X (Twitter) Instagram
Latest Posts

Nigeria Must Claim Its Seat In Global AI Economy, Experts Warn At GITEX 2025

4 September 2025

NITDA DG Calls For Pan-African AI Collaboration At GITEX Nigeria 2025

3 September 2025

Zinox, KongaCares Partner To Unveil Groundbreaking “Computerize Nigeria” initiative At GITEX Nigeria

3 September 2025
Popular Posts

Building Explainable AI (XAI) Dashboards For Non-Technical Stakeholders

2 May 2022

Building Ethical AI Starts With People: How Gabriel Ayodele Is Engineering Trust Through Mentorship

8 January 2024

Gabriel Tosin Ayodele: Leading AI-Powered Innovation In Web3

8 November 2022
© 2025 Digital Times NG.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.