Wednesday, June 29, 2022
TechnologyRBI New Rule Effect Apple India users Can't Use Debit, Credit Cards...

RBI New Rule Effect Apple India users Can’t Use Debit, Credit Cards for App Purchases

Apple has now banned debit and credit card payments for its users. Apple has taken this step due to the new rules of RBI.

There is an important news for Apple users. Apple has banned debit and credit card payments in India. This means that from now on Apple users will not be able to use Debit / Credit card to take any service or subscription. Apple has taken this step due to changes in the rules of auto debit by the Reserve Bank of India (RBI).

How will payment

If Apple users now want to pay for any service or subscription, then for this they will have to put money in Apple Funds through net banking or UPI. Apple Funds will act like a wallet, from which your subscription money will be deducted every month.

Effect of RBI’s rules

Apple stopped accepting debit and credit card payments from its users due to the rules of RBI. Last year RBI changed the Auto Debit Rules for Recurring Payments. Due to these new rules, auto debit payments like all important bills, phone recharge or OTT subscription cannot be done automatically. It is necessary to give an approval for this.

In view of this, Apple has canceled the payment by debit and credit cards. This change will also affect Ad campaigns in Apple search. App developers often run ads to keep their apps on top in the Apple store so that customers can download their apps.

According to app developers, more revenue comes from Android users. That is why it will be known in the coming time how much this will affect their business, but still there is a possibility that this will reduce the subscription.

Covid India Active Cases

India
114,294
Total active cases
Updated on June 29, 2022 12:56 am

DMCA.com Protection Status

Related Stories

Trending Stories

Control of guns in the United States Bill passed in the Senate

With the permit for personal possession of firearms in the United States, there has been widespread demand for a restriction on the use of...

SBI ATM 2022-23 New Changes in Cash withdrawals Charges, rules here is the full...

State Bank of India ATM Rules 2022-23: There is important message for State Bank of India customers. The bank has issued a major announcement...

United States dead bodies of 46 migrants found in truck in Texas, human trafficking...

A sensational case of 46 migrants' bodies found inside a truck has come to light in Texas , USA . Officials have called it...

Xiaomi Book S Laptop Launched with Snapdragon 8cx Gen 2 Processor, Price Buy Online

Xiaomi has launched Book S 12.4, the company's first 2-in-1 laptop along with Mi Smart Band 7 in Europe. The 12.35 inch touch screen...

IMF cuts US growth rate forecast to 2.9%, says it is difficult to avoid...

The International Monetary Fund (IMF) has downgraded its forecast for US economic growth because aggressive interest rates from the Federal Reserve have slackened demand....

Recently Popular

Gujarat beat Rajasthan to win IPL 2022 final

Mumbai: The final of IPL 2022 was played today at the Ahmedabad Stadium. Amitsha came...

Zomato Delivery man who delivered food in a bicycle went viral, suddenly got a bike

An agent of Zomato, who delivers food on bicycle, suddenly got a big gift. Actually,...

Homemade face pack on the skin during monsoon, you will get many benefits

Monsoon is like a disaster for all skin types because in this season all skin...

FIR filed against Amazon; Sale of abortion medicine without a prescription

The Maharashtra Food and Drug Administration (FDA) has registered an FIR against e-commerce website Amazon....

Russia’s Refusal to Comply with Ukraine’s Demands has Intensified Attacks in Kyiv

Russia's offensive has intensified today following the resumption of talks between Russia and Ukraine. Today marks...

TRAI asks Telcos to bring Recharge Plan 30 day Validity

The Telecommunications Regulatory Authority of India has taken action against telecom companies. TRAI has issued...

Recommended Stories

Trending Now