Will Yes / No Button In Payment Apps Curb Cybercrime?

Compared to many other countries, India has taken a very nuanced approach towards fighting cybercrime. In my blog post entitled How Are Regulators Cracking Down on Cybercrime In Different Countries?, I’d applauded innovations like Cybercrime I4C Portal and regulatory playbook undergirded by deep collaboration between banks, payments operator and law enforcement. For the uninitiated, here’s … Read more

Paging RBI EMandate – Is There Anybody Out There?

I bought a paid plan of a SAAS software, with the fixed monthly subscription fees payable with credit card. This is a canonical example of a recurring payment subject to RBI Emandate that came into effect on 1 October 2021. According to Reg Emandate: Every credit card and debit card based mandate for recurring payment … Read more