RBI Unlikely to Extend Card Tokenisation Deadline Despite Payment Failures, Revenue Losses, Bankers Say

The Reserve Bank of India (RBI) is unlikely to extend the deadline for businesses to use card tokenisation, a layer of security for credit card data, according to bankers and merchants. Smaller merchants have demanded a delayed deadline, but the RBI has not provided any indication that it would extend the compliance date. The central bank first introduced the norms in...

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