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RBI tightens auto-pay rules under new digital payments framework

RBI tightens auto-pay rules under new digital payments framework

NewsBytes 1 week ago
The Reserve Bank of India (RBI) has announced changes to its electronic auto-pay transactions. The new guidelines, part of the 'Digital Payments - E-mandate Framework, 2026,' cover credit cards, debit cards, prepaid payment instruments (PPIs), and Unified Payments Interface (UPI).
The changes will be implemented immediately across all payment systems for recurring and domestic or cross-border transactions involving cards, PPIs (wallets), and UPI.
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