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That is the case in India enforced by RBI guidelines. https://rbi.org.in//Scripts/NotificationUser.aspx?Id=11668 https://rbi.org.in//Scripts/NotificationUser.a

That is the case in India enforced by RBI guidelines. https://rbi.org.in//Scripts/NotificationUser.aspx?Id=11668 https://rbi.org.in//Scripts/NotificationUser.aspx?Id=11668

d3nj4l 5y ago
Watching this rule come into force has been weird and enlightening in many ways. For one, this rule caused a lot of friction as many banks and payment processing systems weren’t ready for it by the time it came into force. This despite it being announced over two years before it came into effect and a 6-month extension on the enforcement date! Also, while I personally like the new rules and support them wholeheartedly, there’s been significant opposition to them because they make it more onerous for businesses to set up subscriptions, an already rare and difficult business model in India. Personally, if your business mode counts on people so passively continuing to subscribe that they can’t re-authenticate every payment cycle (and that too only if it’s a significant amount per month!) I think you you should rethink what you do, but what do I know?
- mschuster91 5y ago
  > For one, this rule caused a lot of friction as many banks and payment processing systems weren’t ready for it by the time it came into force. This despite it being announced over two years before it came into effect and a 6-month extension on the enforcement date! Probably they hoped that the law got overturned by a change of government or because of lobbying/bribery... why invest in change when there's still a possibility of it being unneeded?
  - d3nj4l 5y ago
    A change in Government isn't due for at least three more years - and even then, it's unlikely, as the ruling party hasn't really lost their popularity. I think you're right in that they were hoping for changes, but maybe through an internal process or something like that which didn't work out as expected.

That is the case in India enforced by RBI guidelines. https://rbi.org.in//Scripts/NotificationUser.aspx?Id=11668 https://rbi.org.in//Scripts/NotificationUser.aspx?Id=11668

d3nj4l 5y ago

Watching this rule come into force has been weird and enlightening in many ways. For one, this rule caused a lot of friction as many banks and payment processing systems weren’t ready for it by the time it came into force. This despite it being announced over two years before it came into effect and a 6-month extension on the enforcement date! Also, while I personally like the new rules and support them wholeheartedly, there’s been significant opposition to them because they make it more onerous for businesses to set up subscriptions, an already rare and difficult business model in India. Personally, if your business mode counts on people so passively continuing to subscribe that they can’t re-authenticate every payment cycle (and that too only if it’s a significant amount per month!) I think you you should rethink what you do, but what do I know?

mschuster91 5y ago
> For one, this rule caused a lot of friction as many banks and payment processing systems weren’t ready for it by the time it came into force. This despite it being announced over two years before it came into effect and a 6-month extension on the enforcement date! Probably they hoped that the law got overturned by a change of government or because of lobbying/bribery... why invest in change when there's still a possibility of it being unneeded?
- d3nj4l 5y ago
  A change in Government isn't due for at least three more years - and even then, it's unlikely, as the ruling party hasn't really lost their popularity. I think you're right in that they were hoping for changes, but maybe through an internal process or something like that which didn't work out as expected.