The tokenisation facilitates payments through cards by generating a unique alternate code.
The central bank directed all banks to allow interoperable cardless cash withdrawals on all ATMs.
The new regulation of RBI enables cardholders to change their billing cycle.
Here are the new rules issued by RBI on the closure of a credit card.
RBI, in its guidelines, stated that NBFCs can't undertake credit card business without taking prior approval from the central bank.