Adani Group to enter UPI, digital payment, credit card business: Report

Gautam Adani-led Adani Group may enter ecommerce and payments segments as the conglomerate plans to diversify into the fast-growing market, it was reported. Adani Group is planning to work on a digital business to compete with Google and Mukesh Ambani-helmed Reliance Industries, Financial Times reported citing people in the know. It may also apply for a licence to operate on India’s public digital payments network, Unified Payments Interface (UPI) and finalise a previously-announced co-branded credit card as well.