The Reserve Bank of India raised the Additional Factor of Authentication (AFA) limit from Rs. 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions.
Chinese technology conglomerate Tencent has bought a stake worth USD 264 million (about 2,060 crores) in Flipkart from its co-founder, Binny Bansal, through its European subsidiary.
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