Fri, Jun 17, 2022
The Reserve Bank of India has increased the limit of e-mandates for transactions up to Rs 15,000. The RBI raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions, as per the official release said.
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Tue, Dec 06, 2016
In this model, the card issuing banks will offer the “payment authentication solutions” of the respective card networks to their customers on an optional basis."
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