New card storage rules by RBI kick in today, but is the industry ready?
RBI's card storage rules kick in today despite a lack of clarity on whether or not the payments ecosystem is ready for the change
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RBI's card storage rules kick in today despite a lack of clarity on whether or not the payments ecosystem is ready for the change
Debit credit cards tokenisation: While this practice does render convenience, the availability of card details with multiple entities increases the risk of card data being stolen or misused and there have been instances where such data stored by merchants have been compromised.
The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced w
UPI Lite is an on-device wallet service provided by select banks that allow low-value transactions up to ₹200 through the BHIM app. Let’s see how it works.
The central bank has been conducting an online campaign and has continued to emphasise the benefits of tokenizing one's debit and credit cards.