Credit card, Debit card rules to change as card-tokenisation comes into effect from July 1
Shortpedia
Content Team
Image Credit: india
Keeping in mind the safety of bank customers, the RBI keeps taking certain steps regularly. In another such step, from next month, payment gateways, merchants, payment aggregators and acquiring banks will no longer be able to store customer card details. This means that businesses and other entities that store any such data will have to delete the information. This card tokenisation rule will come into effect from 1st July 2022.
