In this new communication with Apple product users, the company has asked them to switch to UPI or clean banking for payment. In the post, Apple said that the step had given the Reserve Bank of India (RBI) regulation where the company could not save the details of credit or debit cards for purchases or subscriptions.

Email to customers reading, “Considering the upcoming Bank of India Reserve Regulations, starting June 1, credit and debit cards can no longer be used for purchases or subscriptions on the App Store or other Apple services. Apple will no longer save card information in the file – Protecting your payment method is our top priority. “

Suggest to switch to UPI or clean banking, the letter further reads, “To avoid interference with your subscription and other purchases, please do the following:

1. Add UPI or NET banking as a payment method.
2. Add funds to your Apple ID balance.

Your subscription will continue as long as you have enough balance. If you are a customer of Apple Music, TV+, iCloud+ or a third party and we cannot update your subscription, your customers will automatically expire. “

RBI regulations

Changes in the payment method have been brought into light by RBI regulations issued in 2020. Banking regulators say that e-commerce companies or subscription platforms will not be able to store user card information. He asks for a platform to replace it with a card tokenisation method or card in the Tokenisasi File (COFT).

RBI has asked for a platform to replace each debit or credit card number with a random token number if the user wants to use it for repeated payments. The platform has asked RBI to give time to apply change. Extended date from January 1, 2022 to 30 June 2022.

It is noteworthy that platforms like PayTM have implemented changes, and a few months ago, it has begun to ask users to allow card information according to new guidelines. All cards that are not permitted by users are deleted from the list available in user payment information.