The Economic Times

RBI brings cross border transactions under e-mandate rules, allows customer to opt out anytime

The Reserve Bank of India is enhancing digital fraud prevention. Cross-border recurring electronic payments via cards, prepaid instruments, and UPI are now under E-mandate rules. Customers can opt-out of transactions or mandates. Limits are set for recurring payments. Pre-transaction notifications are mandatory for most debits. These rules aim to protect customers and ensure secure electronic transactions across borders.