tokenisation of card payments

RBI has extended the timeline for storing of CoF data by 6 months. In regards of the card tokenisation deadline put in place by the regulator bank Reserve Bank of India for December 31, 2021, the regulator has now revised the deadline,…

In a major innovation related to card payments, which includes both debit and credit cards, Reserve Bank of India has allowed ‘Tokenisation’ of card payments. How will it stop frauds? And how does this work? Keep reading to find out…