Payments Council of India welcomes RBI decision enabling tokenisation through card-issuing banks

New Delhi [India], December 22 (ANI): The Payments Council of India (PCI), a representative body of the non-banking payment industry in India, welcomed the Reserve Bank of India's (RBI) move to enable the issuing of tokens for cards via internet and commercial banks.

This RBI decision, announced through a recent circular, will empower cardholders by offering them an additional option to tokenize their cards for multiple m