The Adani Group is planning an e-commerce, payments foray

The conglomerate’s plan to enter customer-centric businesses is part of its efforts to acquire companies such as Reliance Industries (in e-commerce) and Google (in digital payments).

The Adani Group plans to enter the e-commerce and payment services market, Financial Times reported on Tuesday, citing four people familiar with the matter.

The conglomerate is considering applying for a Unified Payment Interface (UPI) license and is also in talks with banks to launch a co-branded credit card. If successful, the Adani group will compete with Google Pay and PhonePe in the Indian digital payments space.

In addition, the group is also in negotiations to offer online shopping through the Open Network for Digital Commerce, a government-backed public e-commerce platform. ONDC and UPI are key components of India’s digital…