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Deadline for tokenisation of credit, debit cards extended to June 30, 2022
short by Daisy Mowke / on Thursday, 23 December, 2021
RBI on Thursday extended deadline for card tokenisation to June 30, 2022. "In addition to tokenisation, industry stakeholders may devise alternate mechanisms to handle...recurring e-mandates and EMI option, or post-transaction activity that currently involves/requires storage of CoF data by entities other than card issuers and card networks," said RBI. The earlier deadline was December 31, 2021.
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