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Reserve Bank of India (RBI) recently extended the deadline for complying with the card information storage rules by another six months.
Key Facts
What are RBI’s guidelines on Tokenisation?
What is Tokenisation?
Tokenisation means replacement of actual card details with an alternate code dubbed as “token”. The token will be unique for a combination of card, token requestor and device. This token us used to do card transactions in contactless mode at point-of-sale terminals, code payments and quick response.
By: Brijesh Kumar ProfileResourcesReport error
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