Walmart could join other tech giants in picking up stake in one of the NUEs

US-based retail giant Walmart could join Facebook, Google and Amazon in securing a part ownership in one of the upcoming new umbrella entities (NUEs) vying to become the country’s next big retail payment network.

People close to the situation said that at least two consortium players preparing to apply for the coveted NUE license have approached Walmart’s PhonePe to become a strategic investor in their respective ventures.