Credit Card, Debit Card Tokenisation From July 1: How to Tokenise Cards, Key Details
2 years, 6 months ago

Credit Card, Debit Card Tokenisation From July 1: How to Tokenise Cards, Key Details

News 18  

Come July 1, debit card and credit card rules with regard to online payments will change for customers across India. This is because the Reserve Bank of India is set to implement the credit card and debit card tokenisation rule whereby online merchants will not be allowed to store customer data on their servers so as to protect their privacy. Credit card and debit card tokenisation can be done by following these simple steps: Step 1: Go to your favourite or most frequently used online website or mobile application to purchase items including food, grocery or clothes and then initiate a transaction. Debit card and credit card tokenisation process is not mandatory and a customer can choose whether or not to let his / her card tokenised. Credit Card, Debit Card Tokenisation: Other Details The tokenisation system is totally free of charge and is not mandatory as well.

History of this topic

RBI unveils new card-on-file tokenisation for debit and credit cards users. Details here
1 year, 2 months ago
How tokenization will change your online purchase
2 years, 2 months ago
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2 years, 2 months ago
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2 years, 3 months ago
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