Merchants seek wider testing of recurring payments

Without directly seeking an extension, the Merchant Payments' Alliance of India (MPAI) requested the RBI to mandate system participants to demonstrate the same level of success rate in token and card-based payments in a letter dated September 26. The letter also requests that all existing e-mandates based on card details be immediately transferred to tokens.

from Banking/Finance-Industry-Economic Times https://ift.tt/RIn3e9k