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The new RBI policy is going to force SaaS startups focusing on India to rethink their approach and final force them away from the Indian market.
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The new RBI policy requires any recurring payment of 5000 INR+ to be manually authenticated every month by the end user.
Most B2B SaaS charge anywhere near or above this limit.
Typically such payments went through without any issues till date.
Most B2B SaaS charge anywhere near or above this limit.
Typically such payments went through without any issues till date.
With this manual intervention we would see a lot of payment failures.
On the customer's end, payment is not handled by the person who bought the tool but the account's person.
This accounts person would pass on the confirmation to that "decision maker" every month for go ahead
On the customer's end, payment is not handled by the person who bought the tool but the account's person.
This accounts person would pass on the confirmation to that "decision maker" every month for go ahead
