RBI points directive for cardholders, says no entity besides card issuer, card networks can retailer transaction information from August 2025
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The Reserve Financial institution of India (RBI) on Tuesday issued a big directive, stating that from August 1, 2025, no entity concerned in card transactions, apart from the cardboard issuer and card networks, might be permitted to retailer information.
This directive goals to boost the safety and privateness of cardholders’ data throughout transactions.
This regulation could have implications for numerous stakeholders within the fee ecosystem, together with banks, fee gateways, and retailers.
Compliance with this directive is essential for all entities concerned in card transactions to make sure adherence to regulatory pointers and keep the integrity of monetary transactions.
