News > RBI Mandate To Change The Way You Make Payments Online From January 1, 2022

RBI Mandate To Change The Way You Make Payments Online From January 1, 2022

Good Returns | 18/12/2021 11:58 PM | Click to read full article

The RBI mandate says that beginning January 1, 2022, all crucial card information including card number, CVV and expiry date plus any other important information on the plastic money cannot be saved by merchants for processing online payments.

Now as the card details shall no longer be available with the merchants with whom you engage in recurring transactions you either need to enter your card details or can opt for tokenisation.