RBI ask debit & credit card issuers to disable online payment services of those that never been used


Existing cards which have never been used for online (card not present) or international or contactless transactions shall be mandatorily disabled for this purpose, ” said the RBI in a notification.

The move is aimed at curbing card frauds and implement uniformity across India’s banks.

“At the time of issue or re-issue, all cards (physical and virtual) should be enabled for use only at contact-based points of usage like ATMs and point of sale (PoS) devices within India,” the notification added.

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