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RBI asks card issuers to put in place mechanism to monitor end use of funds - Moneycontrol
For the cardholder’s convenience, card transaction related data may be drawn directly from the card issuer’s system in an encrypted form and displayed in the co-branding partner (CBP) platform with robust security, the RBI said.
By: Moneycontrol
- Mar 09 2024
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The Reserve Bank of India (RBI) on March 7 amended the Master Direction on Credit Card and Debit Cards, asking card issuers to put in place an effective mechanism to monitor end use of funds.
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