Sebi's 'verified' UPI to deter scammers posing as brokers

To combat rising cyber fraud in the stock market, SEBI will launch a verified payment system from October 1st. This mechanism will help investors identify genuine SEBI-registered entities when transferring funds via UPI, preventing scams. The new UPI address structure will undergo verification at three levels: SEBI, banks, and NPCI.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/I1TbyaB

Comments

Post a Comment

Popular posts from this blog

Global giants bank on Indian-origin CFOs

Image
Indian-origin finance chiefs are increasingly leading global giants like Unilever, Tesla, and Mastercard. A study reveals over a dozen multinational corporations have appointed Indian descent CFOs, many educated in India. This trend highlights the evolving role of CFOs as strategists, adept at navigating complex markets and demonstrating resilience, a skill honed by the Indian education system and professional experiences. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/r9zfLbi
Read more