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Meanwhile in India, The Reserve Bank rolled out a new policy (from Oct-1 this year) for recurring transactions on credit cards that requires the cardholder to p
by msravi 5y ago
Meanwhile in India, The Reserve Bank rolled out a new policy (from Oct-1 this year) for recurring transactions on credit cards that requires the cardholder to provide an "e-mandate" for subscriptions with an additional factor of authentication (AFA). The e-mandate can be withdrawn at any time by the cardholder, giving them control of their subscriptions.
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11668&Mode=0#AN1 https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=1166...