RBI’s Recurring Payments Rule: Disruption for Businesses

The Reserve Bank of India (RBI) has recently set a rule governing the way businesses can process recurring payments. Do you want to know more about the topic? Do you need help with recurring payment processing? Look no further. You’re at the right place.
RBI’s Recurring Payments Rule: Recurring Payment Processing
Recurring payments are a transaction model. In this case, merchants get a one-time standing instruction from customers to periodically debit funds from their accounts automatically. The majority of subscription-based businesses in India and worldwide are based on this payment model.
On October 1, 2021, new rules came into force. …