Tata Group to enter the UPI ecosystem

Tata Group UPI

The Tata Group to enter the unified payments interface (UPI) ecosystem, which is now dominated by Google Pay, PhonePe, Amazon Pay, Paytm, and WhatsApp Pay.

According to reports, the India-based multinational corporation is seeking permission from the National Payments Corporation of India (NPCI) to begin functioning as a third-party payments service provider on the UPI. The Tatas are in talks with private lender ICICI Bank to power their UPI infrastructure through their digital commerce

Tata Digital has also started delving deeper into the country’s startup ecosystem. It has already acquired a majority stake in popular grocery delivery platform BigBasket, a leading pharmacy platform 1Mg. It has also invested in India’s first fitness unicorn Cultfit, with an aim to widen its offering to its users. 

Now, stepping into the UPI network seems to be a natural extension of Tata Group’s ecommerce vision. Adding its own UPI payments feature can enhance the customer’s shopping experience.

Tata Digital claims to have over 400 Mn users across its digital verticals.

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