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Panel Discussion: Decoding RBI’s Circular on Tokenisation

About the webinar

In an attempt to make payment card transactions secure and safe while maintaining customer convenience, RBI has recently released a circular on Tokenisation for Card Transactions.

According to the guidelines of RBI, no entity in the card transaction/payment chain, such as merchants, are allowed to store the actual card data of customers beyond January 1, 2022. In addition, RBI has listed a few key conditions to be fulfilled by card issuers to be able to offer card tokenisation services as Token Service Providers (TSPs).

What is the next step for payment system providers and participants to ensure complete and ongoing compliance? How to simplify the tokenization process with respect to RBI’s guidelines?

Key takeaways:

  • Highlights on RBI Circular on Tokenisation
  • What does it mean to the payment industry?
  • Benefits and Challenges with Tokenisation

The Panelists

Dharshan Shanthamurthy - CEO SISA

Dharshan Shanthamurthy
Founder CEO
SISA
(Moderator)

Kaushik Pandey

Kaushik Pandey
Head – Compliance and Testing Services
SISA

Vishwanath Krishnamurthy - NPCI

Viswanath Krishnamurthy
Chief Risk Officer
National Payments Corporation of India

Nitin Bhatnagar - Associate Director PCI SSC

Nitin Bhatnagar
Associate Director
PCI Standards Council

AVS Prabhakar - Zeta

Akella V S Prabhakar
Chief Risk and Compliance Officer
Zeta