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Facebook and Google are teaming up with Indian firms Infibeam and Reliance Industries on an application to set up a national digital payment network in the South Asian country, according to the Economic Times. 
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Finextra: Amazon has led a $60 million funding round in Indian financial services marketplace BankBazaar.
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Finextra: Amazon is bringing its business loan programme to eight new countries, including China, India and the UK, according to Reuters.
Vineet Anand's insight:
Amazon lending program extends to eight new countries including India, China, UK!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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India's central bank invited companies as alternative to NPCI - Google, FB, Amazon among the players partnering with established companies locally.