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| Name of the scheme | 1-year back | Invest now | Fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest now | Equity: Big Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest now | Equity: Big Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest now | Equity: Big Cap | 0.25% |
| Axis Nifty 500 Index Fund | , | Invest now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest now | Equity: Mid Cap | 0.28% |
Consumers will benefit from better security and convenience. They will no longer need to save the card details on the merchant platform or register CVV for each transaction, said Phonpe.
Token cards reduce the risk of fraud by safely adding card details to the equipment. This increases consumer confidence in online payment. Initially, users can tokens visa credit and debit cards.
Traders will also benefit from this solution. Token cards enable rapid transactions and high conversion rates. As more consumers adopt this method, businesses will show better customer retention and a smooth checkout experience. PhonePe PG traders will have access to this service.
PhonePe’s co-founder and CTO Rahul Chari said that the launch increases digital payments safety and convenience. He said that PhonePe has planned to expand the service by integrating with more card networks and extending it to all PhonePe PG traders.
Also read The PhonePE account comes out of the Agriculture Business, which has an inability to FIPS in sufficient number
first published: February 17, 2025 4:42 pm First
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