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.
India has registered the sharpest rise among the Asian economies, with a six-place jump from 43rd to 37th rank on the index due to gains in economic performance.
EXAMIANS