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RBI Notice: Cards which are not used for the online payments, to be disabled of services

Shortpedia

Content Team
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RBI has instructed all the banks and the card issuers of the country to finish off or disable the online payment services which include all the debit and the credit cards which have never been used for the purpose of online transactions. This regulation came to tighten the security of the cardholders and enhance the cybersecurity laws of the country. Contactless payments are a very secure method for consumers.