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Tokenisation - Card Transactions : Extending the Scope of Permitted Devices RBI/2021-22/92 CO.DPSS.POLC.No.S-469/02-14-003/2021-22 August 25, 2021 The Chief Executive Officer / President All authorised card networks Madam / Dear Sir, Tokenisation - Card Transactions : Extending the Scope of Permitted Devices We invite reference to ourcircular DPSS.CO.PD No.1463/02.14.003/2018-19 dated January 08, 2019on Tokenisation Card transactions, permitting authorised card networks
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FAQ :
Tokenisation is a process that allows authorised card networks to offer card tokenisation services, replacing sensitive card details with a unique token for transactions.
The scope has been extended to include consumer devices such as laptops, desktops, wearables (like wrist watches and bands), and Internet of Things (IoT) devices.
Previously, the facility for card tokenisation was only available for mobile phones and tablets.
The extension is expected to make card transactions more safe, secure, and convenient for users.
This directive was issued by the Reserve Bank of India (RBI).
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