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Reserve Bank of India : Representation on the implementation of the directive on processing of e-mandate on cards for recurring transactions

Reserve Bank of India : Representation on the implementation of the directive on processing of e-mandate on cards for recurring transactions
apurvaa
Thu, 08/26/2021 – 18:20

NASSCOM made a representation to the Reserve Bank of India (RBI) to address industry’s concerns regarding the implementation of the directive on processing of e-mandate on cards for recurring transactions (e-Mandate Directive) by September 30, 2021. While the RBI’s circular impacts the e-commerce industry, the burden of compliance with the e-mandate primarily falls on the issuer banks.

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