New debit, credit card rules to kick in next month

Card tokenisation from July 01, 2022

Here are the details


What has happened?

RBI has ordered card tokenisation of debit, credit cards

The order has been delayed several times

Final deadline is June 30, 2022

What does it mean for you?

If not done already, you will need to tokenise your card

This can be done using your payment processor's portal

Benefits of card tokenisation

Improves card safety on online payments

Free of cost

Will be convenient to use

How does it work?

Assigns token to each card, preventing online fraud

Card details not shared with any online portal

Conforms to international standards

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