Thu, Oct 13, 2022
RBI Tokenization: Tokenization is the process of replacing original card details with an alternative code called a "token" that should be unique and provides an additional degree of protection for customer credit card details. Since the actual card data are not given to the merchant during transaction processing, tokenized card transactions are regarded to be safer.
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Thu, Sep 01, 2022
In late June, the RBI had extended the card-on-file (CoF) tokenization deadline by three months to September 30, on the back of various representations received from stakeholders.
Wed, Sep 15, 2021
Tokenisation has been allowed through mobile phones and / or tablets for all use cases / channels (e.g., contactless card transactions, payments through QR codes, apps etc.)
Tue, Feb 20, 2018
E-wallets allow you to operate multiple accounts at the same time. It also reduces the cost of doing banking transactions. It is faster and more streamlined user experience.E-wallets allow you to operate multiple accounts at the same time. It also reduces the cost of doing banking transactions. It is faster and more streamlined user experience.
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