The Reserve Bank of India recently announced a new directive that requires banks, financial institutions and payment gateways to obtain additional approval for auto-renewables transactions worth over ₹5,000 Indian rupees ($67 USD). The directive impacts all such transactions for debit cards as well as credit cards.
What are my options if I'm affected by this recent announcement?
If you're affected by the recent change, you will need to use our Prepay Invoice payment option. Details here.