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.
ICICI Bank has announced that it has partnered with digital EMI/pay-later platform ZestMoney, to expand its 'Cardless EMI' facility for purchases on retail and e-commerce platforms.
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