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Auto debit payments, pre-instructed to foot monthly phone, and DTH bills, OTT platform subscriptions, etc. could henceforth be made only with the consent of the debit/credit cardholder.
The audit, which took place over four months to February 2019, highlighted a lack of encryption of personal data at the NPCI which forms the backbone of the country's digital payments system and operates the RuPay card network
In the latest such case, people are being conned over actor Amitabh Bachchan's popular TV quiz programme 'Kaun Banega Crorepati' and income-tax refunds.
SBI chairman Rajnish Kumar said there are around 90 crore debit cards in the country as against 3 crore credit cards, and pointed out to digital solutions like its own 'Yono' platform as the key for achieving a debit card-less country.