debit card rule change

Payment service provider PayU has announced that it has successfully tokenised more than 50 million cards. The Netherlands-based fintech works with some of India’s largest payment networks including Mastercard, Visa, and RuPay and has been…

The Reserve Bank of India has announced that e-mandates for recurring payments have been hiked from Rs 5,000 to Rs 15,000. The new enhanced limit has come into effect already. The move comes days after the RBI in its monetary policy…

Debit, Credit Card Tokenisation: From next month, every Indian who does online transactions using a debit or credit card will have to remember their card details every time they make a payment as these rules are going to change from July 1.…

Debit, Credit Card Tokenisation: The Reserve Bank of India or the RBI, being thhe central bank of the country, is in charge of protecting the security of all citizens in India who carry out bank transactions. With an aim to protect the…

RBI MPC Meet: Reserve Bank of India deputy governor T Rabi Sankar on Wednesday, June 8, said that the payments ecosystem in India is ‘by and large prepared’ for implementation of the tokenisation system for card-based transactions,…

For those bank account holders who use their debit/credit cards or mobile wallets for recurring auto-debit transactions, there is going to be a change coming in from next month. As per a release issued by the Reserve Bank of India (RBI),…