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RBI proposes to restrict payment aggregators from storing debit, credit card data from Aug 2025

The RBI said: “For face-to-face/proximity payment transactions done using cards, from August 1, 2025, no entity in the card transaction/payment chain, other than the card issuers and/or card networks, shall store the CoF data."

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Reserve Bank , Payment System Operators , Financial Intelligence Unit , Payment Aggregators ,

RBI releases framework for geo-tagging of payment system touch points

RBI releases framework for geo-tagging of payment system touch points : Rashtra News #RBI #releases #framework #geotagging #payment #system #touch #points Reserve Bank of India (RBI) on Friday released the framework for geo-tagging of payment system touch points to ensure proper monitoring of the availability of payment acceptance infrastructure. Geo-tagging refers to capturing the geographical ....

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