Reserve Bank of India (RBI) has extended the card-on-file (CoF) tokenization deadline by 6 months i.e., to June 30, 2022. Earlier the deadline was fixed till December 31, 2021. In March 2020, RBI had issued guidelines for the regulation of payment aggregators and payment gateways, prohibiting payment aggregators and merchants to store customer card credentials within their database or server from 30 June 2021.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoF tokenization services and barred merchants from storing actual card data while online transactions. RBI has fixed the deadline for card tokenization to January 1, 2022.
"Bahut saare bachche coaching afford nahi kar sakte. Aapne unhe aage badhne ki prerna di."…
Uttar Pradesh is one of the most populated state in India and has 75 districts.…
India’s rising chess star Divya Deshmukh scripted history on July 28, 2025, by defeating veteran…
The Indian Army, in coordination with the CRPF and Jammu and Kashmir Police, launched a…
Safety is one of the most important things people look for when choosing a place…
Every year, World Hepatitis Day is observed on 28th July to raise global awareness about…