Navin Surya announced that his company So Hum Bharat Digital Payments would soon be applying to the RBI for the license to operate as a New Umbrella Entity
So Hum Bharat counts financial technology solutions provider Infibeam Avenues as its promoter
Entities with an RBI license will be able to set up and operate NUEs, which are umbrella entities for retail payments, having the same powers as NPCI
Navin Surya, a payments industry veteran, on Thursday (November 12), announced that his newly set up company So Hum Bharat Digital Payments would soon be applying to the Reserve Bank of India (RBI) for a license to operate as a New Umbrella Entity (NUE), similar to the National Payments Corporation of India (NPCI).
So Hum Bharat (SHB) counts financial technology solutions provider Infibeam Avenues as its promoter. The new entity would be promoted by both Surya, chairman emeritus and Vishwas…