RBI’s Tokenisation Rules To Kick-In From Oct 1, Decoding How Credit & Debit Card Rules Will Change

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From October 1, the online transaction rules for debit and credit cards will change for all users. In a bid to make all e-payments safe, secure, convenient, quick and affordable, the Reserve Bank of India (RBI) has asked all operating banks to create tokens for card details. In layman’s language, all online, point-of-sale, and in-app transactions done by debit and credit cards will have to be replaced by tokens issued by the banks.

Here's all you need to know about RBI's tokenisation rules.

#RBI #tokenisation #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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Forget recurring payments I am not able to make any online transactions using my debit/credit card fr 1st October

rahultarkar
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TOKENISATION or Similar Secure Methods Exists In COUNTRIES LIKE USA UK OR GERMANY OR SUCH DEVELOPED COUNTRIES???!
REFERENCE NUMBER is shared with Credi card Holder ??? or

manojdivatia
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