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Reserve Bank Of India’s Auto-Debit Rule, A Mandated Trouble For Banks — How Can They Get Around It?

Blog: Forrester BPM Center of Excellence

In India, the subscription business with recurring payments was gaining traction due to its all-in-one bundle offering — convenience, choice, and consent — until a major change in the auto-debit option took effect on October 1, when the Reserve Bank of India (RBI) issued a framework for how businesses and banks must handle recurring credit […]

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