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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...
Non-banks issuing prepaid payment instruments (PPIs) like wallets and prepaid cards cannot offer customers a credit line, RBI said.
RBI allows Mastercard to on-board new customers, after the network showed compliance with data localisation norms.
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.
RBI Deputy Governor T Rabi Shankar suggest that private crypto assets will have no purpose once CBDC is introduced in the economy.