CARD-TOKENISATION SERVICES

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.

About:

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.

Source : All India Radio

Latest Current Affairs

See All

Safeguard Measures under World Trade Organization (WTO)

India and some other nations have cri...

April 23, 2024 Economy

What are Biomarkers?

Screening for blood biomarkers has be...

April 23, 2024 Science & Tech

Candidates Chess Tournament 2024

India’s 17-year-old Grandmaster D Guk...

April 23, 2024 Sports

What is Survey of India (SoI)?

The Tamil Nadu State Government raise...

April 23, 2024 Polity & Governance

Rights of Persons with Disabilities Act, 2016 (RPwD Act)

The Supreme Court recently lamented t...

April 23, 2024 Polity & Governance

Rashtriya Arogya Nidhi scheme

Recently, the Delhi High Court said t...

April 23, 2024 Economy

National Service Scheme

Trained National Service Scheme (NSS)...

April 23, 2024 Polity & Governance

Tundra Ecosystem

A study has warned the warming planet...

April 23, 2024 Environment

Star Campaigners

Political parties are appointing ‘sta...

April 23, 2024 Polity & Governance

Schengen visa

Recently, the European Union has anno...

April 23, 2024 International Relations