India: Restriction of digital and international usage of payment cards in RBI circular "Enhancing the Security of Card transactions"
Progress
Current status
adopted
01 Oct 2020 adopted
Scope
Implementers
India
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
other service provider
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
RBI circular including restriction of payment cards regarding e-commerce, contactless and international usage
RBI circular "Enhancing the Security of Card Transactions" for reissued cards effective October 1, 2020 mandating switching off for e-commerce, contactless, and international usage targeting international networks.
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank