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December 20, 2021
The new debit and credit card rules will take effect on January 1, 2022, and the RBI has requested retailers and payment gateways to carry out transactions using encrypted tokens.
December 18, 2021
From January 1, 2022, no firm in the card transaction or payment chain, other than card issuers and card networks, should keep the real card details, according to the Reserve Bank of India (RBI).