Friday, 24 March, 2023

ADIF welcomes RBI's move to extend the card tokenization deadline

<p>The ADIF welcomed RBI&#39;s decision to extend the card tokenization deadline till June 30, 2022. There were concerns across the payment ecosystem around CoF tokenization readiness. Merchants were also concerned about payment disruptions and revenue losses as a result of the situation. ADIF urged RBI to ensure readiness across all banks on time. The RBI&#39;s card tokenization guidelines mandated replacing the card data with encrypted digital tokens.<br /> &nbsp;</p>