How will RBI’s tokenization affect the digital payment ecosystem

How will RBI’s tokenisation affect the digital payment ecosystem? #TokenisationReadiness

Users & merchants have just managed to understand digital payments. Will the RBI’s new e-mandate push them out of their comfort zone?

On October 1, 2022, the Reserve Bank of India (RBI) introduced card storage rules that prevent online merchants (like Amazon/Swiggy/Zomato) and payment aggregators & gateways (Razorpay and BillDesk) from storing credit and debit card details of their customers.

This has brought confusion among users, merchants, and payment aggregators especially because of the lack of clarity around recurring payments, EMI transactions, and even the readiness of smaller merchants.

Piyusha Vir Author

Book Review: ‘Just Another Day’ by Piyusha Vir

The writing is contemporary & easy to understand for the millennial. The best part about Piyusha’s writing is that she ensures that the line of thought changes every few sentences & thus keeps the reader engaged. Despite not having descriptive passages in the stories, her play of words allows the reader to be transformed in the exact setting where the author wants us to be. I LOVED the fact that none of the stories come under a “GENRE”. They are what they are meant to be: Stories – meant to entertain & leave the reader with a thought. Published by Readomania, the book is prized at a humble Rs. 49. It gives the reader complete, edge of the seat entertainment.