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Players ready for migration as card-on-file tokenisation deadline nears

Tokenisation is the replacement of an actual or clear card number with an alternative code called the "token"

Topics
Mastercard | Reserve Bank of India | RBI

Subrata Panda  |  Mumbai 



credit card
A tokenised card transaction is considered safer as the actual card details are not shared with the merchant during transaction processing

With the deadline to comply with Reserve Bank of India’s (RBI's) card-on-file tokenisation norms fast approaching, industry participants say they are relatively well placed now as far as readiness to transition into the new regime is concerned.

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First Published: Tue, September 13 2022. 20:28 IST

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