RBI rejects demand of online merchants to store customers' credit card data

"The regulator is of the view that merchants storing credit card data would cause cyber security risks to the consumer and they do not have any locus standi as these norms pertain to payment aggregators and gateways," said an official in the know.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-rejects-demand-of-online-merchants-to-store-customers-credit-card-data/articleshow/81222277.cms