Card Tokenization To Be Implemented From 1st October 2022, Watch Its Benefits And Features

The rules for online payment of debit and credit cards will change from October 1. The Reserve Bank of India (RBI) has made it mandatory to replace all credit and debit card data used in online, point-of-sale and in-app transactions with tokens by September 30 this year. According to RBI, there will be no need to save any kind of debit or credit card details on any online platform in the tokenization system at present. What is this card tokenization? What to do for card token? What are the disadvantages of not tokenizing? Know full details from Nupur.