Q Why is it in News ?
A The Reserve Bank of India (RBI) has decided to defer the implementation of tokenization of debit and credit cards for online transactions by a further six months following representations from stakeholders.
Q What is RBI decision ?
A
Q What is Tokenisation?
A
Q What are benefits of Tokenization ?
A
Q How are the transactions currently processed?
A
Q Is the industry ready to implement this?
A
Q What will be the Impact on businesses ?
A If the industry isn’t ready, several business models would be impacted.
Q What can be way forward ?
A