Name the entity, that has partnered with Visa Inc to launch SI(standing instructions )-Hub to make recurring payments using cards with a one-time enrollment.

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Billdesk
B	Citrus Pay
C	Razorpay
D	Whizpay

Explanation:

Detailed explanation-1: -Explanation: Visa Inc, the world’s leader in digital payments technology and BillDesk, an Indian online payment gateway company have partnered for the launch of SI (standing instructions )-Hub which is a smooth and secure way to make recurring payments using cards with a one-time enrollment.

Detailed explanation-2: -Merchant enables automatic recurring payments on your card. After your successful OTP validation, an e-mandate can be established on your card for recurring transactions only. Automatic payments in India will be limited to ₹5,000 INR per transaction due to Reserve Bank of India regulations.

Detailed explanation-3: -To process automatic or recurring payments, we’re required to set up an e-mandate on your card due to a Reserve Bank of India e-mandate notification. However, not all banks support this regulation yet. If your bank isn’t in this list, to keep your account active, continue to make manual payments or pre-payments.

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