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Apple promoting wallet-based recurring payments for Indian customers

As per the new update from Apple to Indian users, the company has mentioned that card-based payments may be refused by banks and card issuers and has therefore asked the users to add funds to their Apple ID balance that will enable auto-debit for subscriptions until the balance depletes.

While banks, payments aggregators, card networks and payment gateways are still finding ways to modify their modes of payments to comply with the new rules, Apple is meanwhile promoting wallet payments for subscription-based payments in India.

With this new rules, the cardholder can opt-out of that particular transaction or the e-mandate after receiving the pre-transaction notification. Thus, a subscriber will have the time to withdraw the e-mandate every time an issuer raises an invoice for the recurring transaction.

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