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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.
India's central bank is unlikely to extend a Friday deadline for businesses to set up an additional layer of security for consumers' credit card data even after some concerns remain over payments failing and revenue losses, say bankers and merchants.
Your debit and credit card transactions will be safer and more convenient after tokenisation