RBI extends scope of permitted devices for Tokenisation

On August 25, 2021, the Reserve Bank of India has issued extension on the permitted device for Tokenisation in reference with  circular dated January 08, 2019 which specifies “Tokenisation – Card transactions”.

 The said facility was earlier available only for mobile phones and tablets of interested card holders.

RBI has decided to extend the scope of tokenisation to include consumer devices – laptops, desktops, wearables (wrist watches, bands, etc.), Internet of Things (IoT) devices, etc. All other provisions of the circular referred to above shall continue to be applicable.

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