IAP Sandbox error: payment info verification required

I am testing my app against IAP sandbox, but it suddenly started asking for payment info verification. (I'm running this on simulator)
Eroror message:
Verification Required
Before you can make purchases, you must tap Continue to verify your payment info.
[Environment: Sandbox]
I was successfully using this test account to test IAP until a few days ago.
Is anyone seeing the same problem?

Having exactly the same problem here - all of yesterday was getting the payment info request, and today it is doing the same thing.
Tried everything from uninstalling the app and testflight, and even in a fit of desperation reset my device entirely to make sure there was no cached provisioning information anywhere. Then created new test users in iTunes Connect and ran into the same issue, after following all the guides on how to do it (new test account, not signed into store etc).
This is completely halting our development, which is massively frustrating.

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