In October, RBI broke recurring payments. India’s payments ecosystem is still fixing it – The Ken

(This article originally appeared in The Ken on May 11, 2022)

  • Last week, tech giant Apple officially stopped accepting payments via Indian debit and credit cards for subscriptions and purchases from its App Store. Now, if Apple’s Indian users want to make any App Store purchases, they have to add money to their ​​Apple ID using real-time payments system UPI or internet banking, and then use those funds…

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