New credit card rules in India: recurring card payments to be affected

Re:New credit card rules in India: recurring card payments t... by cfgghsj on Monday September 27, 2021 @12:02PM (#28672395)

While I didn't work on indian regulations, I've worked directly on 2FA/OTP with recurring charges. For this regulation, the recurring charge must be initiated with an OTP code, but subsequent charges may happen automatically. There should also be an exception process to allow preexisting standing instructions to continue.

This article has details of the actual regulation: https://indianexpress.com/article/explained/explained-why-au...

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Re:New credit card rules in India: recurring card payments t... by Brajeshwar on Monday September 27, 2021 @12:04PM (#28672441)

I believe it started that way but now everyone has just stopped recurring. I have already got email notifications from AWS (India), my phone provider, etc. that we have to pay manually from next month.

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Re:New credit card rules in India: recurring card payments t... by sinyug on Monday September 27, 2021 @12:19PM (#28672624)

> everyone has just stopped recurring

Every one had two years to implement the e-mandate system.[1] What does it say about Amazon, your phone provider and your card issuer that they haven't been able to do it in time and decided, instead, to pass the buck to you, the customer?

[1] https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=1166...

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Re:New credit card rules in India: recurring card payments t... by zodvik on Monday September 27, 2021 @02:17PM (#28674098)

Yes, because most services haven't met the full scope of the RBI circular yet - sending pre-debit notification, self serve mandate revocation, etc

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