RBI updates auto-debit rules: Here’s what changes for UPI, card payments
The Reserve Bank of India, in its ‘Digital Payments — E-mandate Framework, 2026’, announced updates to electronic auto-pay transactions via credit cards, debit cards, prepaid payment instruments (PPIs) and the Unified Payments Interface (UPI).
In a release, it noted that the changes are in “public interest” and will be effective immediately for all payment system providers and participants when it comes to the processing of recurring and domestic or cross-border transactions using cards, PPIs (i.e., wallets), and UPI.
