The Indian digital fee enviornment appears set for a serious splash. As per a media report, Amazon, ICICI Financial institution and Axis Financial institution are coming collectively to drift an alternative to NPCI (National Payments Corporation of India), which runs the Unified Funds Interface (UPI), the most well-liked cell funds platform in India.

The three entities, together with Pine Labs and BillDesk, are reportedly set to stand up a brand new umbrella entity (NUE) — actually a rival to the NPCI — to deal with digital transactions in India.

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