The framework for the NUE was released by the Reserve Bank of India last week, with the central bank also opening the window for applications. Entities receiving approval can set up a payments company for owning and operating a pan-India digital payments network, exercising the same powers as NPCI.source https://economictimes.indiatimes.com/industry/banking/finance/sbi-plans-foray-into-digital-payments-set-to-rival-national-payments-corporation-of-india/articleshow/77774672.cms
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