News RBI increases UPI and recurring transaction limits for certain categories The Reserve Bank of India's recent announcement saw the increase of UPI transaction limit for education and medical services to Rs 5 lakh, while... Sarvesh MathiDecember 8, 2023
News RBI announces a better card tokenisation method for consumers The new development will essentially allow users to create tokens for their card directly from their bank's website, which can in turn allow consumers... Sarvesh MathiOctober 9, 2023
News RBI’s card storage rules kick in today, but is the payments ecosystem ready in India? RBI's card storage rules kick in today despite a lack of clarity on whether or not the payments ecosystem is ready for the change Sarvesh MathiOctober 1, 2022
News RBI paper mulls whether UPI should continue with a zero-charge framework UPI in particular saw high adoption due to speed and zero charges, but a new RBI discussion paper asks if digital payments should be... Akshit ChawlaAugust 19, 2022
News RBI eases card storage rules for acquiring banks, merchants, and payment aggregators The Reserve Bank of India (RBI) announced some relaxations to its card storage rules, which are set to get into effect on October 1,... Sarvesh MathiAugust 1, 2022
News Why RBI’s deadline extension for card storage rules does not really address industry concerns RBI extended the deadline for its card storage rules to September end, but the concerns of merchants is more than just the amount of... Sarvesh MathiJune 29, 2022
News RBI has zero info on payment ecosystem readiness for new card storage rules, RTI reveals In response to an RTI request, RBI said that is has no information pertaining to a number of important questions around its new card... Sarvesh MathiJune 28, 2022
News RBI extends deadline for card storage rules to September 30 RBI extended the deadline for merchants and payment aggregators to delete customer debit and credit card data by three months. Sarvesh MathiJune 27, 2022
News Evaluating Ecosystem Readiness: RBI’s No-Card-Storage Mandate 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? Guest AuthorJune 15, 2022
News Deep Dive: Why online debit and credit card transactions will start failing from July 1 Starting July 1, online merchants can't store credit and debit card details of customers. Here's how disruptive this is going to be. Sarvesh MathiJune 13, 2022