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Saturday, August 16, 2025
TopicDebit card

Topic: debit card

RBI rush for tokenisation in digital payments can hurt both merchants and consumers

Since it requires fundamental changes to the way cards are processed, the transition requires continuous monitoring. The 30 June deadline won't work.

What is tokenisation, RBI’s new idea for safe online payments that’ll be voluntary from 1 July

To secure card transactions online, RBI has mandated all authorised card networks to issue merchant-specific tokens against card details. Here’s a look at what that will entail.

1 in 3 Indians store personal details like ATM PINs on mobile, computer or email: Survey

The survey also revealed that 11 per cent Indians store their personal financial details in their phone contact list. 

Customers suffer as banks miss deadline to switch to safer chip-based debit & credit cards

The RBI had set 31 December 2018, as the deadline for all banks to replace magnetic strip debit & credit cards with chip-based ones.

On Camera

SC’s stray dog order lit a match in Delhi. Are they a menace or companions?

The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.

Modi’s ‘Diwali bonanza’ for the common man—next-gen GST reforms, lower tax on daily-use items soon

Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.

What is Project Sudarshan Chakra, announced by Modi from ramparts of Red Fort

The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?