RBI applies e-mandate rules to cross-border recurring payments
Banks must enforce transaction caps and pre-debit notifications
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Change
India’s RBI extended e-mandate rules to cross-border recurring payments, including transaction limits and mandatory pre-debit alerts.
Why it matters
Recurring cross-border payments must meet authentication, notification and cap requirements, with compliance enforced across issuers.
Implications
- — Payment controls tightened — compliance required
- — Customer notifications mandatory — operational changes
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