e-mandate

NPCI to Unify UPI E-Mandate Management Across All Apps

NPCI is unifying UPI e-mandate management for all third-party apps, allowing users to view subscriptions in one place. Cancellations require visiting the original booking app. This aims to simplify the growing UPI AutoPay feature, despite transaction declines.

Easier e-mandate for SIP, insurance, credit card bill

RBI Extends E-Mandate Rules to Cross-Border Recurring Digital Payments

The Reserve Bank of India has extended its E-mandate rules to cover cross-border recurring electronic payments via cards, prepaid instruments, and UPI. The new regulations set a Rs 15,000 per-transaction limit and Rs 1 lakh cap for credit card, insurance, and mutual fund payments without additional authentication. Financial institutions must provide 24-hour pre-transaction notifications and customer opt-out facilities validated through additional factor authentication.