Reliance, Google, Facebook, Infibeam's NUE bid: What does this mean?

In a bid to capitalise on growing digital payment space in India and a push for a digital ecosystem; Reliance Jio, Google, Facebook and Infibeam Avenues are coming together for Reserve Bank of India’s (RBI) New Umbrella Entity (NUE). Experts say that a successful bid for NUE is set to add to the company's plnds from some of the largest global investors for India's growth story. Jio Infosystems, Google and Facebook would pick up stake in So Hum