India’s new credit, debit card rules may disrupt renewal of Netflix, Hotstar and Spotify subscriptions
Shortpedia
Content Team
Image Credit: TWitter
To make credit and debit card payments via online merchants hasslefree and safer, RBI has announced new norms which replace customer information with unique tokens. The system which comes after a 20% increase in card fraud will be implemented from October this year, but might interrupt recurring monthly deductions by international platforms. This is why Netflix, Spotify, Disney and Hotstar among others have urged the RBI to address the issue.
