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RBI on tokenising cards to create a secure payment system in India

By Puja Sharma

June 28, 2022

  • A2A Payments
  • card tokenisation
  • Cybersecurity
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The RBI prohibited merchants from storing card information on their servers beginning January 1, 2022, and mandated the use of card-on-file (CoF) tokenisation as an alternative to card storage. The policy applies to domestic purchases made online. Tokenisation is the process of replacing credit and debit card details with a code, called a token, that […]

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