Mumbai (GPN): Falcon co-founder Prabhtej Singh Bhatia said, 

“The RBI’s extension of card tokenisation is a big relief and brings the much required cheer among businesses and industry stakeholders who were grappling to meet the deadline of December 31. Card tokenisation in itself is important from a consumer security perspective and the UIDAI has shown successfully how Aadhaar tokenisation for authentication has helped curb misuse of Aadhaar numbers. With the Regulator extending the deadline to June 2022, it gives banks, acquirers, issuers and merchants some time to create an implementation framework around this on priority, to help their customers make a smooth transition.”