New Delhi, April 30 -- The Reserve Bank of India in its 'Digital Payments - E-mandate Framework, 2026' announced updates to electronic auto-pay transactions via credit cards, debit cards, prepaid payment instruments (PPIs) and the unified payments interface (UPI).

In a release from the central bank last week, it noted that the changes are in "public interest" and will be effective immediately for all payments system providers and payment system participants when it comes to processing of recurring transactions, domestic or cross-border transactions, using cards, PPIs (i.e. wallets) and UPI.

Notably, the central bank last week also proposed new rules for digital wallets and prepaid tools, which includes categories such as general purpose...