RBI extends scope of tokenization; includes more devices for tokenised card transactions

Keeping in view stakeholder feedback, RBI has decided to extend the scope of tokenisation to include consumer devices – laptops, desktops, wearables (wrist watches, bands, etc.), Internet of Things (IoT) devices, etc. This initiative is expected to make card transactions more safe, secure and convenient for the users. Earlier this facility was available only for mobile phones and tablets of interested cardholders.Keeping in view stakeholder feedback, RBI has decided to extend the scope of tokenisation to include consumer devices – laptops, desktops, wearables (wrist watches, bands, etc.), Internet of Things (IoT) devices, etc. This initiative is expected to make card transactions more safe, secure and convenient for the users. Earlier this facility was available only for mobile phones and tablets of interested cardholders.taxmann.com Latest Statutory HappeningsRead More

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