 "online transfer, online payment, money transfer")
The Reserve Bank of India (RBI) along with the payments industry, and the payments council of India (PCI) is working on a possible solution that could ensure that the customers do not have to key in their 16 digit credit or debit card number, every time they make payments through their cards.
The RBI's new rules are supposed to kick in from January 2022.
In a statement, the PCI said, “The industry and PCI are working in alignment with RBI on possible secure card on file solutions which will ensure a near similar customer experience for online purchases whilst enhancing
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