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RBI extended the deadline for merchants and payment aggregators to delete customer debit and credit card data by three months.
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RBI extended the deadline for merchants and payment aggregators to delete customer debit and credit card data by three months.
From July 1, the RBI will not allow storage of card details and will implement 'card tokenisation' instead. But is India's payment ecosystem ready?
Starting July 1, online merchants can't store credit and debit card details of customers. Here's how disruptive this is going to be.
In terms of both the number of frauds and the amount involved in such frauds, Maharashtra exceeds all other states.
The stack will provide a digital user interface, push alerts for in-app transactions, and more.
The new feature might be an unintended consequence of the government's push for homegrown payment channels.
While Visa had partially complied with the RBI mandate in 2018, it has now become the first global financial services company to begin storing...
Indian fintech company Cred has raised $215 million in Series D funding round led by Falcon Edge and Coatue Management, The Economic Times reported...
We missed this earlier: Visa Inc. became the first major card network to settle transactions in crypto-currencies, with the direct acceptance of payments in USD...
The Reserve Bank of India (RBI) has introduced guidelines for the Payments Infrastructure Development Fund (PIDF) scheme, which will subsidise the deployment of payments...
