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SEBI Proposes Secure UPI Payment Mechanism for Market Intermediaries to Enhance Transaction Security
SEBI Proposes Secure UPI Payment Mechanism for Market Intermediaries The Securities and Exchange Board of India (SEBI) has proposed a new, more secure UPI (Unified Payments Interface) mechanism aimed at enhancing payment security for transactions involving market intermediaries like mutual funds, brokers, and other financial entities. The proposal aims to reduce payment frauds, streamline processes,…