With the internet, online commerce and digital payments, the subscription business model in India is now moving online.
UPI becomes the preferred mode for Bangaloreans for online payments, after cards. A 3% usage increase in August takes it to 40.78% – closer to the plastic czar (44.10%)
RBI’s e-mandate move will allow consumers to use their cards, including debit cards, to make recurring payments of up to Rs 2,000.
Businesses using Razorpay can give their consumers the option to pay through EMI without a credit or debit card.