Fintech News

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No OTP authentication required for these UPI auto payments up to Rs 1 lakh

RBI proposes to increase UPI auto payments limit to Rs 1 lakh without OTP for e-mandates like mutual fund subscriptions, insurance premiums, and credit card repayments. Previously, OTP was required for payments exceeding Rs 15,000. This exemption will apply to transactions up to Rs 1 lakh for recurring payments of mutual fund subscriptions, insurance premium …

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167 family offices in India, FinTech second-most invested sector in 2023: Data

FinTech has been the second most invested sector by family offices in India. Unlike earlier, family offices are now taking on more risky bets and investing in startups, fintechs and new-age tech companies compared to safer investments like in traditional companies. This year, India has seen 2 new family offices, adding to a total of …

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