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April 10, 2024
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December 21, 2023
The cardholder may tokenise the card at any time of his convenience, either at the time of receiving the new card or later.
December 21, 2023
The RBI has permitted the use of Card-on-File Tokenisation (CoFT) through card-issuing banks or institutions.
September 1, 2022
The pure-play credit card issuer SBI Card has prepared the ground for moving towards card tokenization, which is set to kick-in from October, a move aimed at protecting against fraud as well as data theft.
August 23, 2022
Under RBI's tokenisation initiative, all companies are required to delete cardholders' all existing information and replace it with a unique 'token'.
July 8, 2022
From July 1, 2022, online commerce platforms will not be allowed to save card-on-file credentials and RBI has proposed card tokenization as a solution.
January 13, 2022
By June 2022, India will mandate the deletion of card-on-file details for online transactions, opening space for fintech disruptors for card tokenization.
December 28, 2021
In 2022, digital payments compliance in India will require mandatory deletion of card-on-file details, thereby opening space for fintech disruptors.
December 24, 2021
The Reserve Bank of India on Thursday extended card tokenization deadline by six months till June 30, 2022, from the earlier deadline of December 31, 2021.
November 2, 2021
A new regulatory framework expected to kick in from 1 January 2022 will change how you transact online