Tue, Sep 20, 2022
The trend of online payment through credit and debit cards has increased rapidly in the country, but with this, the cases of online fraud have also increased. In such a situation, to secure credit and debit card transactions, RBI is going to implement tokenisation system from October 1. The complete details of the customer's card will be converted into a token. With the help of this, the customer will be able to make payment on any third party app, point of sale. The merchant will not have any data related to the card. Unique tokens will be issued for every transaction. Watch this special report of Aapki Khabar Aapka Fayda.
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Thu, Jul 28, 2022
Tokenisation growth is being driven by increasing adoption of one-click solutions by merchants within eCommerce to reduce friction, and by card networks, who are encouraging mass adoption of tokenisation at the network level to improve payment approval rates.
Fri, Dec 24, 2021
In a major development, the card tokenisation deadline by the Reserve Bank of India (RBI) has been extended by 6 months.
Thu, Dec 23, 2021
Earlier, RBI had given a deadline of December 31 for tokenisation.
Here is this article, FAQs on Tokenisation – Card Transactions have been answered as per the information given on RBI website - rbi.org.in
After Dec 31, 2021, online merchants will not be able to store card information of users.
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