RBI extends card tokenisation deadline till June 30
The Reserve Bank of India on Thursday extended card tokenisation deadline by six months till June 30, 2022, from the earlier deadline of December 31, 2021.
Source: ibtimes.co.in
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RBI Extends Card Tokenisation Deadline Till June 30, 2022
Tokenised cards are considered safe for online transactions, as the card details are not shared with the merchant during transaction processing
Source: ndtv.com
RBI extends card tokenisation deadline by 6 months till June-end
The RBI has extended the card-on-file tokenisation deadline by six months to June 30, 2022, in view of various representations received from industry bodies.
Source: india.com
Starting January 1, New RBI Rules on Online Card Transactions Go Into Effect: 10 Points
Under RBI guidelines, e-commerce platforms such as Amazon or Flipkart won’t be able to save customers’ card details any longer. Customers will have to enter their card details every time they carry out an online transaction. However, to avoid the hassle, customers can choose to tokenise their cards. Here are 10 key takeaways on the change.
Source: ndtv.com