Hyderabad: Telangana Government is going to launch a Web 3.0 regulatory sandbox soon. This will allow startups to build solutions around tokenisation, NFTs and similar new frontiers. This sandbox will help create a meaningful dialogue amongst all the stakeholders including regulators, startups and policy makers to arrive at a nuanced approach in evolving an effective […]
Hyderabad: On July 24, the Reserve Bank of India (RBI) extended the deadline for credit and debit card tokenization by three months, to September 30, from the previous deadline of June 30. The RBI has directed payment aggregators, wallets, and online merchants (other than card issuers/card networks) not to store any sensitive card-related customer information, […]
Hyderabad: Debit and credit cardholders beware! Come July 1, your card details will get erased from e-commerce sites, apps and OTT platforms. One will have to restore their card number and generate a unique token from July onwards in order to make online payments. This is part of the new rules set by the Reserve […]
Hyderabad: With card tokenisation set to come into place from July 1, there are many questions being raised about the system and why is it important. Tokenisation is a process by which card details are replaced by a unique code thus making online payments safer and secure without the need to share full card details. […]
The new tokenisation rule, which comes into force from January 1, prohibits all online shopping portals from saving your card numbers, CVV and expiry date in their servers.
