However, with your authorization, we'll save your card details in a format that complies with RBI regulations and keeps your sensitive card details secure,' Google Pay said.

'Due to Reserve Bank of India (RBI) card storage regulations, starting July 1, 2022, Google can no longer save customer card details (card number, expiry date, etc.) in the current format. Giving insights on the same Google Pay on its support page has said that with your authorization, Google will save your card details in a format that complies with RBI regulations and keeps your sensitive card details secure. The Reserve Bank of India (RBI) has issued “Guidelines on Regulation of Payment Aggregators and Payment Gateways”, according to which the authorised non-bank payment aggregators and merchants have been prohibited from storing card data (CoF) and this must be done before the deadline- June 30, 2022. Do you save your debit card, credit card details on payment making apps? If yes, then here is an important update for you.

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