RBI Extends Deadline to Comply With Card Tokenisation Norms Till September 30

RBI Extends Deadline to Comply With Card Tokenisation Norms Till September 30

The Reserve Bank of India (RBI) on Friday extended the card-on-file (CoF) tokenisation deadline by three months to September 30, in view of various representations received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions. Tokenisation is the process…