Google will remove all stored debit and credit card information on its platform unless you allow it to save your card in an RBI-compatible format by June 30, 2022.
Do you register your debit card, your credit card details on payment apps? If so, here’s an important update for you. The Reserve Bank of India (RBI) has issued “Guidelines on the Regulation of Payment Aggregators and Payment Gateways,” which prohibits non-bank payment aggregators and authorized merchants from storing card data (CoF ) and this must be done before the deadline – June 30, 2022. Giving information about the same Google Pay on its support page has stated that with your permission, Google will save your card details in a format consistent with RBI regulations and secures your sensitive card details.
âDue to Reserve Bank of India (RBI) card storage regulations, effective July 1, 2022, Google will no longer be able to save customer card details (card number, expiration date, etc.) in the current format. However, with your authorization, we will save your card details in a format that complies with RBI regulations and secures your sensitive card information, âGoogle Pay said.
How to allow Google Pay to save your card in the new format
According to the information provided by the app, if you use Visa or Mastercard and then allow Google Pay to save your card in the new format, you need to make a single manual payment with your current card information. To avoid re-entering your card information later, make payment by June 30, 2022.
If you are using RuPay, American Express, Discover, or Diners Card, Google will not store your card information after June 30, 2022, as card storage, under the new format, is not yet supported for these networks. Cards. As of July 1, 2022, support for these maps will change across all Google services.
Note that if your card is withdrawn, to make a manual payment from July 1, 2022, you will have to re-enter the card information. Additionally, if you want to remove your map details from Google, here’s what you need to do:
How to remove the map from Google
For Google Ads users:
1. Log in to your Google Ads account.
2. Click on Tools, then under âBillingâ, click on Summary.
3. Click Payment Methods, then click Remove.
For Google Cloud users:
To remove your card, check Remove a payment method.
For Google Workspace users:
1. Workspace administrators must access payments from the administration console.
2. To remove your card, check Remove a payment method.
For all other Google users:
1. Log in to the Google payment center.
2. Click Add a payment method, then click Remove.