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"By September 30 of this year, all credit and debit card used for online, in-app, and point-of-sale transactions must be replaced with distinct tokens."
of Credit and Debit Cards
replacing a card’s 16-digit number with a unique alternate card number (Token)
It is more secure as actual card details are not shared during any transaction
Only authorised card networks and list of entities specified by RBI can perform Tokenisation
Customers need not pay any charges to avail this service
Mobile phones and tablets for channels
NO, it is not mandatory for customers to go for tokenisation
Customers can request for any number of cards for Tokenisation
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