RBI issues directives for Card Holders

18 Apr

RBI issues directives for Card Holders

SEO

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RBI Updates

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  • The Reserve Bank of India (RBI) on Tuesday issued a significant directive, stating that from August 1, 2025, no entity involved in card transactions, except for the card issuer and card networks, will be permitted to store data.
  • This directive aims to enhance the security and privacy of cardholders’ information during transactions.
  • This regulation will have implications for various stakeholders in the payment ecosystem, including banks, payment gateways, and merchants.
  • Compliance with this directive is crucial for all entities involved in card transactions to ensure adherence to regulatory guidelines and maintain the integrity of financial transactions.

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