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The rules of online payment have been changing since January 1, this is an important decision taken by the RBI, find out the details


  • Payment rules will change from January 1
  • Great news for online payment customers
  • This is how you use debit cards and credit cards

New Delhi: Reserve Bank of India RBI According to the new guidelines, customers will have to enter their debit or credit card details from 2022 onwards if companies like Amazon and Flipkart or online food delivery companies like Zomato make online transactions on their platforms from January 1, 2022. If customers do not want to frequently enter details and avoid them, the platform will have to approve to tokenize your card.

According to guidelines issued by the RBI in March 2020, the move was aimed at preventing merchants from saving customer card details to promote security. However, in September this year, card tokenization will be accompanied by consumer approvals by the regulatory body to improve security and safety. This will require additional factor of authentication. Tokenization helps to replace card details with a unique algorithm generated code or token. This allows online shopping without exposing card details.

What a change
From January 1, 2022, customers will not be able to save their debit or credit card details on e-commerce platforms. Customers will have to enter card details every time they make an online transaction. However, e-commerce companies can be allowed to tokenize their cards if customers want to avoid repeating numbers. Once approved, customers will be asked by the e-commerce platform card network to encrypt the details along with additional factor authentication according to their needs. Once the e-commerce platform gets encrypted details. After this the customer can save the card for the upcoming transaction.

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The popular e-commerce platform can only token MasterCard and Visa Provide cards. Therefore, it is likely that other financial services cards will soon be tokenized. The RBI’s new guidelines will apply to both credit and debit cards. The new guidelines will not apply to international transactions. Only domestic cards and transactions will be included in the RBI’s new guidelines. Customers will not have to pay any extra charge for card tokenization. The last 4 digits of the tokenized card will appear so that the e-commerce platform can be easily identified by the customers.


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