Associated with
Pushpa Marwal
Posted Dec 1, 2021
•
8 min read
Reserve Bank Of India's Auto-Debit Rule, A Mandated Trouble For Banks - How Can They Get Around It?
In India, the subscription business with recurring payments was gaining traction due to its all-in-one bundled offering - convenience, choice, and consent - until a major change in the auto-debit option took effect on October 1, when the Reserve Bank of India (RBI) issued a framework for how businesses and banks must handle recurring credit [...]
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