Auto-Payment Of Bills, Subscriptions May Face Issues From April 1 Due to RBI Direction

On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) under arrangements/practices not compliant with AFA would not be continued beyond March 31, 2021.

from Top Tech News- News18.com https://ift.tt/3czxAJE