 "Worldline partners with major card networks to launch tokenisation solution")
Worldline, a global leader in payments solutions, has partnered with major card networks including Visa, Mastercard, and RuPay and leading card issuing banks in building a tokenisation solution to enable businesses to comply with the Reserve Bank of India’s (RBI) diktat on storage of card details.
The RBI guidelines on card storage will come into effect from January 1, 2022. It would, essentially, mean that merchants, payment aggregators, and acquiring banks can no longer store the card details of customers. Under the new guidelines, only card issuers, and card networks will be able store card details (card on file). Merchants
