While the proposed ODR system seems to be a hopeful path for “boosting digital payments and enhancing the broader financial ecosystem“, the issues that may arise out of it must not be overlooked: Firstly, the links between the various modes of lodging complaints must be analyzed, improper communications between the modes and the PSOs may […]
Although the RBI specified in its notification that the system, for the time being, is limited only to disputes and grievances arising out of failed digital transactions, including those which have not been fully completed due to reasons unrelated to the customers (technical issues) such as failure in communication links, non-availability of cash in an
What Kind Of Transactions Are Covered Under This System? Read More »
This is to bring to your kind attention that on 1st October, 2020, the Supreme Court of India delivered a judgement containing detailed guidelines with regard to the refund of airline tickets, both domestic and international, that stood cancelled due to the pandemic and the consequential lock down. The judgement of the Apex Court came
Supreme Court Judgement on Refund of Airline Tickets Read More »
The goal of the system is to provide a “transparent, rule-based, system-driven, user-driven, unbiased mechanism for resolving customer disputes and grievances, with zero or minimal manual intervention.” In other words, the main objective of this system is to enable a dispute resolution system that is not only transparent and unbiased but also provides redressal for
Objective and Structure Of ODR System For Digital Payments Read More »
As rightly said by Dave Chapelle “Modern Problems requires modern solutions”. The only good outcome of the COVID-19 pandemic was that the digital economy saw a global revolution. Preventive measures such as lockdowns, social distancing, etc., which limited the scope of human interactions (all of which were a result of the pandemic), led to most
Introduction : ODR (Online Dispute Resolution) system Read More »