RBI’s card tokenization norms take effect from today

Central bank rules require all merchants to delete customer debit and credit card details before October 1 and replace card payments with unique tokens.

The RBI said in July it would not extend the timeline for storing card data and directed all stakeholders, except for card issuers and card networks, to purge the customer data before October 1.

[Via]

Sign Up for NextBigWhat Newsletter

Curated. Summarized. Important News. For free.

You May Also Like