The Reserve Bank of India through circular dated August 25, 2021 has extended the scope of tokenisation to include consumer devices – laptops, desktops, wearables (wrist watches, bands, etc.), Internet of Things (IoT) devices, etc. RBI has previously permitting authorized card networks to offer card tokenisation services to any token requestor, subject to the conditions listed therein. The facility was available only for mobile phones and tablets of interested card holders.
Extension of timeline for implementation of the Circular titled “Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC”
It has been decided that the said Circular shall now come into force with effect from April 01, 2025. The Regulated Entities are therefore directed