UPI Payment : Adani Group will enter this news business and there will be tension on Google Pay and Phone PE .

Introduction – : ( Adani bill payment lunch )

UPI Payment – Unified Payment Inter face (UPI) is a system that powers multiple bank account into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payment into one hood .

UPI Payment :- The business group of the country’s second richest industrialist Gautam Adani is preparing to enter digital payment and e-commerce business or Adani Group wants to strengthen its hold on India’s unified payments interface UPI network , The group is planning to expand the digital business, Lets us tell you that Adani group is soon considering applying for a license to work on a public digital payment network .

Adani Group’s plans – (Unified Payment Interface )

Entry into UPI network – Adani group is seriously considering applying for a license to operate on a public digital payment network .

Co-Branded Credit Card – A part from this ,Adani group is also in discussion with many banks for branded credit cards .

Service will be available through Adani one Apps :-

It currently provides services like hotel and flight booking Adani group will initially provide the benefits of news service to its existing customers After this efforts will be made to add customer related to services operated by Adani group .

Which platforms will face tough competition in the market :-

Three type of platform face it 1. Pay tm – Pay tm is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India. Pay tm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications.

2. Phone Pay- Phone pay is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. Phone Pay was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The Phone pay app, based on the Unified Payments Interface, went live in August 2016 .

3. Google Pay – Google Pay is a mobile payment service developed by Google to power in-app, online, and in-person contactless purchases on mobile devices, enabling users to make payments with Android phones, tablets, or watches.

FAQ ( Frequently Asked Questions )

Q 1. What is a Adani group ?

Answer 1. Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group’s businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure.

Q 2. Why he is launch UPI Payment app ?

Answer 2. Adani to enter UPI and ONDC networks through ‘Adani One’ app .These initiatives are part of a broader strategy to build a digital business that can compete with established players such as Google and Mukesh Ambani’s Reliance Industries.

Q 3. What is a UPI Payment full form ?

Answer 3. UPI: Unified Payments Interface – Instant Mobile Payments.

Q 4. Where is use full UPI Payment app ?

Answer 4. It currently provides services like hotel and flight booking and Adani group will initially provide the benefits of news service to its existing customers.