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Auto debit bounce rates plunge to 3-year low in May | Economic Times

Auto debit bounce rates plunge to 3-year low in May https://ift.tt/bmgWGa0 statistics from the National Automated Clearing House (NACH) from the National Payments Corp of India (NPCI) show that failure rates on recurring payments for monthly loan instalments or frequent transactions like insurance payments fell to 22% by value and 29% by volume in May 2022, lower than the levels seen before the Covid pandemic.
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