Google halts recurring payment options on Play Store : vimar

Google halts recurring payment options on Play Store


Google halts recurring payment options on Play Store
4 hours ago
Google will stop on-boarding new recurring payment customers on its Android Play Store, as the Reserve Bank of India’s (RBI) new recurring payment rules come into effect from September this year. In an email to developers, Google said that free trials and introductory pricing should be removed from apps and from any user communication “until the ecosystem challenges are addressed.” MediaNama has seen a copy of the email.
Back in August 2019, the RBI issued a new framework for managing auto-debit or recurring transactions that are created through electronic mandates or e-mandates. An e-mandate is an electronic instruction to a bank/card issuer to debit a card or bank account for a specific amount every month towards a specific merchant or business. These are used for insurance payments, mutual fund contributions, subscription services and other recurring payment use-cases.

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