In Brief: Angel Broking offers UPI AutoPay for mutual funds

In Brief: Angel Broking offers UPI AutoPay for mutual funds
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5 Nov, 2020

Mumbai-based Angel Broking has received approval from the National Payments Corporation of India (NPCI) to offer the UPI AutoPay option for mutual funds products on its platform. UPI AutoPay enables clients to automate recurring payments. The feature looks to simplify the payment process, while cutting down the e-mandate authentication time and registration costs, a statement said. The move is likely to benefit SIP customers. 

1mg appoints former Ecom Express exec as CFO

Gurugram-based integrated healthcare platform 1mg Technologies appointed Mayank Gupta as the CFO to lead the startup’s finance and legal functions. He has 19 years of experience in the areas including strategy, finance, operational turnaround, deal structuring, taxation and M&A, a statement said. Gupta, who was the executive vice president and CFO of Warburg Pincus-backed ecommerce logistics startup Ecom Express, he also worked with companies such as Maruti Suzuki and General Electric Group.

WhatsApp offers disappearing message feature

Facebook-owned messaging platform WhatsApp said it has introduced a ‘disappearing messages’ feature on  its platform. When the feature is turned on, new messages sent to a chat will disappear after seven days, the company said in a blog post. In a personal chat, either party can turn on the feature, while only admins can do so in a group chat, it said. 

Pine Labs appoints Gokul Rajaram as advisor

Pine Labs, a merchant commerce platform, has appointed Gokul Rajaram as an advisor. The global product development and management leader has over two decades of work experience, a statement said. He has worked for companies such as Square, Facebook and Google, and currently serves on the board of Coinbase, Pinterest and The Trade Desk, in addition to being on the executive team of DoorDash since November 2019.