Recurring online payments: RBI extends deadline for six months, notes non-compliance with serious concern


The Reserve Bank of India (RBI) on Wednesday extended the timeline for processing recurring online transactions by six months to September 30. The requirement of additional factor of authentication made digital payments in India safe and secure. However, the RBI said the framework has not been fully implemented even after the extended timeline. This non-compliance is noted with serious concern and will be dealt with separately.



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