Since the advent of digital payment systems, the same work has been done in just a few seconds. However, RBI will bring many changes related to digital trading in India from time to time to make the trading system safer and easier.
In this episode, Google Pay will change the rules from January 1, 2022, following the guidelines of the Reserve Bank of India. This change directly affects Google Pay users. This new Google Pay rule also applies to Google Ads, Google Play Store, YouTube, and more.
In this episode, let us know the rules that Google will change. Under this next rule, after January 1, 2022, Google Pay will no longer store customer card details. Google Pay was used to store card information such as expiration dates and card numbers on the server. After implementing this rule, Google Pay customers will have to re-enter their card details at checkout to pay. Following RBI guidelines, this change was made in the Google Pay online manual payment rules. This change reduces the risk of leaking sensitive information. In these situations, cyber fraud will increase and decrease. After this change, MasterCard users must be allowed to save their card details in the new format. You can make a one-time manual payment by entering the card details. You will need to re-enter your card details to try the payment again. These new rules will come into effect on January 1, 2022.