Categories: AllTrending

Google Play eliminates recurring app subscription fees in accordance with the latest RBI decision

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As new recurring payment rules come into effect in September this year from the Reserve Bank of India, Google will stop embarking on its Android Play Store.

Google announced in an e-mail to developers its free trials of software and all Consumer Communications and introductory pricing “so that ecosystem problem is solved.”

RBI has released a new auto-debit or recurrent transaction management system created by e-mandates or electronic mandates. A bank/card issuer’s electronic requirement is to debit a card or bank account every month for a certain amount to a particular merchant. They are used for premium payments, mutual fund investments, subscription programs, etc.

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Without subscribing to an auto-debit subscription, customers cannot sign up for a free trial or take advantage of the initial price. Google said the latest payment policy would be implemented in May.

As users cannot create new e-mail mandates for recurrent applications in the Android Play store, at the end of each month, they have to re-subscribe.

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