Tata Group is planning to launch a new UPI payment app named ‘Tata Neu’ in the Nation. According to the reports, Tata Group is seeking clearance from the National Payments Corporation of India (NCPI) to offer its own United Payments Interface (UPI)-based digital payments service in the country.
The report citing sources said that the Tata Group has applied to the NPCI to operate as Third-Party Application Providers (TPAP) and that it is planning to launch the service as soon as next month. Tata Neu app will give users easy access to all of Tata Digital’s apps such as BigBasket, 1mg, Croma, Tata Cliq and its flight booking service within a single app. PhonePe, Google Pay, WhatsApp Pay, Amazon Pay and Paytm are some of the biggest and most popular UPI-based service providers in India right now.