Card Tokenisation: What is it and how does it help card users carry out safe transactions? | Mint

Card Tokenisation: What is it and how does it help card users carry out safe transactions? | Mint

Source: Live Mint PhonePe recently announced that it will tokenise debit and credit card details for users on its app, thus enabling secure and safe digital transactions. This means users do not need to save their card details such as card number, CVV on the PhonePe app to carry out transactions via this UPI (Unified Payments Interface)…

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UPI’s new rule effective March 1: You can now pay for premium via blocked amount. Check details | Mint

UPI’s new rule effective March 1: You can now pay for premium via blocked amount. Check details | Mint

Source: Live Mint Insurance regulator IRDAI has allowed one time mandate for blocking the amount towards premium through unified payments interface (UPI mandate) for issuance of life and health insurance policies. This facility — known as Bima-ASBA (applications supported by blocked amount) — transfer of money from a prospective policyholder to the insurer will take…

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UPI transactions: These new rules will come into force from Feb 15. Check details | Mint

UPI transactions: These new rules will come into force from Feb 15. Check details | Mint

Source: Live Mint National Payments Corporation of India (NPCI) has issued fresh instructions with regards to UPI transactions relating to auto acceptance and rejection of chargebacks basis the Transaction Credit Confirmation (TCC) and returns. The digital payments body has rolled out auto acceptance and rejection of chargebacks basis the TCC/RET raised by the beneficiary bank…

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Sachet SIPs: Can  ₹250 a month create an investment boom in India?

Sachet SIPs: Can ₹250 a month create an investment boom in India?

Source: Live Mint This move aims to encourage first-time investors, particularly from low-income segments and underserved regions, to participate in mutual fund investments. Despite the mutual fund industry’s robust growth, a significant market remains untapped, offering immense potential for expansion. Untapped potential The country’s mutual fund industry has witnessed exponential growth in recent years. Total…

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Investing via UPI: Daily transaction limit to be raised to  ₹5 lakh from  ₹2 lakh, says Sebi | Mint

Investing via UPI: Daily transaction limit to be raised to ₹5 lakh from ₹2 lakh, says Sebi | Mint

Source: Live Mint Capital markets regulator Securities Exchange Board of India (Sebi) has alluded that the daily transaction limit for capital market transactions is set to be raised to ₹5 lakh. The daily transaction limit currently stands at ₹2 lakh. Notably, this is not a final announcement but a part of the Sebi’s consultation paper…

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UPI reigns supreme; share of prepaid instruments in digital payments drops 24% in two years, shows RBI data | Mint

UPI reigns supreme; share of prepaid instruments in digital payments drops 24% in two years, shows RBI data | Mint

Source: Live Mint The latest Reserve Bank of India (RBI) data showed a noticeable decline in the share of prepaid payment instruments (PPIs), while there was a massive surge in the share of Unified Payments Interface (UPI) transactions in the entire digital payment ecosystem. In value terms, the share of PPIs declined from ₹1.43 lakh…

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