Relief to payments industry as RBI grants 6 month extension on CoF storage
We, the Merchant Payments Alliance of India, are delighted to learn about the extension provided by the Reserve Bank of India (RBI) by way of the latest circular (CO.DPSS.POLC.No.S-1211/02-14-003/2021-22) on the storage of Card-on-File. The RBI’s Directive dated September 07, 2021, on Card on File (CoF) tokenization, read with Guidelines on Regulation of Payment Aggregators […]
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Towards a tokenization framework for cards
Background The Merchant Payments Alliance of India (MPAI) seeks to channel its collective operational experience to engage constructively with the policy and regulatory ecosystem as the voice of the merchant industry. As merchants, we are the first point of contact with consumers. We keep a keen ear out for their concerns and feedback and generate […]
