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We address key concerns about selling merchandise to India’s online market, including choosing the right business model, compliance, and tax liability.
With the UPI Auto-Pay facility, customers can use any UPI application for recurring payments such as electricity bills, EMI payments, insurance, mobile bills, etc
Amazon Prime monthly subscription is available in three different models. The first one with a validity of one month, which costs Rs 129. The second one with a validity of 3 months, which costs Rs 329. While the third one with a validity of 1 year, which costs Rs 999.
PPIs issued by banks and non-banks should be interoperable by March 2022: RBI May 19, 2021 Interoperability shall be mandatory on the acceptance side, says the central bank The Reserve Bank of India (RBI) on Wednesday said interoperability amongst Prepaid Payment Instruments (PPIs) issued by banks and non-banks should be enabled by March 31, 2022. PPIs are instruments that facilitate purchase of goods and services, including financial services, remittances, funds transfers, against the value stored in/on such instruments. RBI said it will be mandatory for PPI issuers to give the holders of ...
Amazon discontinues one-month Prime subscription plan worth Rs 129, will no longer offer free trial Amazon Prime will no longer free trials and a one-month subscription plan costing Rs 129 to comply with RBI guidelines. advertisement Reuters HIGHLIGHTS OTT platform Amazon Prime will not allow users to buy the one-month subscription plan worth Rs 129. The company has also discontinued the free Amazon Prime trial pack as well. The RBI has ordered banks and financial institutions to add a factor of authentication to process recurring online transactions. OTT platform Amazon Prime will not allo...