Tag: payment system

Synopsis: RBI must re-examine its auto-debit restrictions Contents1 Introduction2 What are the issues and challenges associated with the RBI’s move?3 What are the other alternatives available?4 What is the way forward? Introduction Recently, the Reserve Bank of India’s (RBI’s) new rules controlling recurring payments on credit or debit cards came into force. The new rules… Continue reading Recurring pain: On RBI’s decision on auto-debit transactions