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RBI to restrain payment aggregators from storing debit, credit card data from Aug 2025

By Livemint - 4 weeks ago
The good news for card users is that the payment aggregator firms will not be allowed to store card on file (COF) data from August 1 next year onwards. The only entities allowed to store the COF data will be card issuers and card network such as VISA, Mastercard and bank.

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