Aug. 30, 2021

The Reserve Bank of India has permitted authorised card networks to offer card tokenisation services to any token requestor in a bid to make card transactions more safe, secure and convenient for the users.


  • In a notification issued, RBI said that it has provided the facility to interested card holders only for their mobile phones and tablets.

  • There has been an uptake in the volume of tokenised card transactions during the recent months and on a review of the framework and keeping in view stakeholders feedback, RBI decided to extend the scope of tokenisation to include consumer devices – laptops, desktops, wearables (wrist watches, bands, etc.) and Internet of Things (IoT) devices.