The rules and regulations for online payments for debit and credit cards have been changed. The Reserve Bank of India’s (RBI) card-on-file (CoF) tokenization norms came into effect on 1st October 2022. RBI’s CoF tokenization aims to improve the payment experience of cardholders.
The new rule released by RBI says that neither businesses nor payment aggregators can save customer card details on their platforms. The card details can only be saved by card networks or issuing banks.
Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks
PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…
In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…
India’s retail inflation, measured by the Consumer Price Index (CPI), increased modestly to 0.71% in…
India’s foreign exchange reserves saw a moderate rise in the week ending December 12, 2025,…
The Union Cabinet has approved the Atomic Energy Bill, marking a major shift in India’s…
Meta India has announced the appointment of Aman Jain as its new Head of Public…