Adani Group is reportedly thinking about getting a license to join India’s public digital payments network. They are also talking with banks to create a co-branded credit card.
Adani Group, led by billionaire Gautam Adani, is planning to expand its consumer businesses.
The conglomerate, which spans from ports to power, is considering a $84 billion investment in infrastructure over the next decade.
If these plans are approved, Adani Group will enter India’s growing digital payments market, competing with established players like Google Pay and PhonePe.
Moreover, Adani is in talks to provide online shopping via the Open Network for Digital Commerce (ONDC), a government-supported platform for e-commerce facilitation.
These efforts are part of a wider strategy to establish a digital enterprise capable of rivaling established giants like Google and Mukesh Ambani’s Reliance Industries.