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National Payments Corporation of India (NPCI) announced for the launch of NPCI Tokenization system (NTS) on October 20, 2021 in order to provide support to the tokenisation of cards as an alternate for storing card details with merchants.
Merchants are required to meet the Tokenisation by January 1, 2022.
NPCI is the specialised division of Reserve Bank of India. It works under the jurisdiction of Ministry of Finance. It was established to operate retail payments and settlement systems in India. NPCI was established in December 2008 and is registered under Section 8 of the Companies Act 2013. It was established by the RBI and Indian Banks’ Association. NPCI supports RuPay, IMPS, NACH, ABPS, AePS, NFS, UPI payment method.
By: Brijesh Kumar ProfileResourcesReport error
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