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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
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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
The Reserve Bank of India (RBI) announced some relaxations to its card storage rules, which are set to get into effect on October 1,...
RBI extended the deadline for its card storage rules to September end, but the concerns of merchants is more than just the amount of...
In response to an RTI request, RBI said that is has no information pertaining to a number of important questions around its new card...
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.
Two new RBI regulations have resulted in this situation.
The RBI's new rule saves people from the potential hassle of typing in 16-digit card numbers for online payments.
In the wake of the COVID-19 pandemic, card companies and banks are pushing near-field-communication (NFC) based payment options for customers in a bid to...
