{"id":26166,"date":"2022-01-24T16:46:07","date_gmt":"2022-01-24T11:16:07","guid":{"rendered":"https:\/\/plyinsight.com\/?p=26166"},"modified":"2022-01-24T16:47:41","modified_gmt":"2022-01-24T11:17:41","slug":"most-consumers-wary-of-stricter-rules-for-online-card-use","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/most-consumers-wary-of-stricter-rules-for-online-card-use\/","title":{"rendered":"Most consumers wary of stricter rules for online card use"},"content":{"rendered":"<p><span style=\"color: #800000;\"><strong>At least 82 per cent consumers consider it would be somewhat or extremely inconvenient for them to re-enter all their details for every card-based online payment, said a nationwide survey on popular opinion conducted in view of the central bank&#8217;s new security guidelines.<\/strong><\/span><\/p>\n<p>The Consumer Unity and Trust Society (CUTS) survey found consumers think they are likely to face several risks, if they re-enter all their details for card-based online payments. This included risk of transaction failure due to entering incorrect card details for every transaction (44 per cent), and risk of exposing their confidential card-details to third persons while making payments in public (42 per cent).<\/p>\n<p>The online survey&#8211;conducted among 1,100 respondents&#8211;found fears of risks is likely to make 28 per cent of consumers shift to paying cash on delivery.<\/p>\n<p>The Reserve Bank of India&#8217;s (RBI) circular on &#8220;Card Transactions: Permitting Card-on-File Tokenization (CoFT) Services&#8221; (tokenization), dated September 7, 2021, read with the &#8216;Guidelines on Regulation of Payment Aggregators (PA)and Payment Gateways (PG)&#8217;, bars merchants from storing consumers&#8217; card details from January 1, 2022. It instead permits CoFT, and directs merchants to purge the card details currently stored with them by this date.<\/p>\n<p><strong><span style=\"color: #800000;\">The survey found that consumers are more likely to store their card details with merchants they transact with frequently. It showed that consumers are aware of possible risks involved in storing their card details with online service providers.<\/span><\/strong><\/p>\n<p>As many as 57 per cent consumers said they trusted different stakeholders of card-based online payments, and they stored their card details online despite the risks. Other notable reasons for storing card details online included convenience (58 per cent) and benefits in the form of cash backs\/rewards (57 per cent).<\/p>\n<p>This highlights strong consumer preference towards storing card-details online, along with the extent of adverse impact of lack of timely operationalisation of tokenization.<\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"color: #800000;\"><strong>\u0911\u0928\u0932\u093e\u0907\u0928 \u092d\u0941\u0917\u0924\u093e\u0928 \u092e\u0947\u0902 \u0939\u0930 \u092c\u093e\u0930 \u0915\u093e\u0930\u094d\u0921 \u0915\u093e \u092c\u094d\u092f\u094b\u0930\u093e \u0926\u0947\u0928\u093e \u0905\u0938\u0941\u0935\u093f\u0927\u093e\u091c\u0928\u0915<\/strong><\/span><\/p>\n<hr \/>\n<p><strong><span style=\"color: #800000;\">\u0915\u0902\u091c\u094d\u092f\u0942\u092e\u0930 \u092f\u0942\u0928\u093f\u091f\u0940 \u0910\u0902\u0921 \u091f\u094d\u0930\u0938\u094d\u091f \u0938\u094b\u0938\u093e\u092f\u091f\u0940 (\u0915\u091f\u094d\u0938) \u0915\u0940 \u0913\u0930 \u0938\u0947 \u0926\u0947\u0936 \u092d\u0930 \u092e\u0947\u0902 \u0915\u0930\u093e\u090f \u0917\u090f \u090f\u0915 \u0938\u0930\u094d\u0935\u0947\u0902 \u092e\u0947\u0902 82 \u092a\u094d\u0930\u0924\u093f\u0936\u0924 \u0917\u094d\u0930\u093e\u0939\u0915\u094b\u0902 \u0928\u0947 \u0915\u0939\u093e \u0939\u0948 \u0915\u093f \u0939\u0930 \u0915\u093e\u0930\u094d\u0921 \u0906\u0927\u093e\u0930\u093f\u0924 \u0911\u0928\u0932\u093e\u0907\u0928 \u092d\u0941\u0917\u0924\u093e\u0928 \u092e\u0947\u0902 \u0915\u093e\u0930\u094d\u0921 \u0915\u093e \u092a\u0942\u0930\u093e \u092c\u094d\u092f\u094b\u0930\u093e \u092b\u093f\u0930 \u0938\u0947 \u0921\u093e\u0932\u0928\u093e \u092c\u0939\u0941\u0924 \u091c\u094d\u092f\u093e\u0926\u093e \u0905\u0938\u0941\u0935\u093f\u0927\u093e\u091c\u0928\u0915 \u0939\u0948\u0964<\/span><\/strong><\/p>\n<p>\u0938\u0930\u094d\u0935\u0947 \u092e\u0947\u0902 \u092f\u0939 \u092d\u0940 \u092a\u093e\u092f\u093e 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\u0938\u093e\u0930\u094d\u0935\u091c\u0928\u093f\u0915 \u0930\u0941\u092a \u0938\u0947 \u092d\u0941\u0917\u0924\u093e\u0928 \u0915\u0930\u0928\u0947 \u092a\u0930 \u0915\u093e\u0930\u094d\u0921 \u0915\u093e \u0917\u094b\u092a\u0928\u0940\u092f \u092c\u094d\u092f\u094b\u0930\u093e \u0915\u093f\u0938\u0940 \u0924\u0940\u0938\u0930\u0947 \u0935\u094d\u092f\u0915\u094d\u0924\u093f \u0915\u094b \u091c\u093e\u0928\u093e (42 \u092a\u094d\u0930\u0924\u093f\u0936\u0924) \u0936\u093e\u092e\u093f\u0932 \u0939\u0948\u0964<\/p>\n<p>\u0907\u0938 \u0938\u0930\u094d\u0935\u0947 \u092e\u0947\u0902 1100 \u0932\u094b\u0917 \u0936\u093e\u092e\u093f\u0932 \u0939\u0941\u090f\u0964 \u0907\u0938\u0938\u0947 \u092f\u0939 \u092d\u0940 \u092a\u0924\u093e \u091a\u0932\u0924\u093e \u0939\u0948 \u0915\u093f \u0907\u0938 \u0924\u0930\u0939 \u0915\u0940 \u091a\u0941\u0928\u094c\u0924\u093f\u092f\u094b\u0902 \u0914\u0930 \u091c\u094b\u0916\u093f\u092e \u0915\u0947 \u0915\u093e\u0930\u0923 28 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\u0939\u0948\u0902\u0964<\/span><\/strong><\/p>\n<p>\u092c\u0939\u0930\u0939\u093e\u0932 57 \u092a\u094d\u0930\u0924\u093f\u0936\u0924 \u0917\u094d\u0930\u093e\u0939\u0915\u094b\u0902 \u0915\u093e \u0926\u093e\u0935\u093e \u0939\u0948 \u0915\u093f \u0915\u093e\u0930\u094d\u0921 \u0906\u0927\u093e\u0930\u093f\u0924 \u0911\u0928\u0932\u093e\u0907\u0928 \u092d\u0941\u0917\u0924\u093e\u0928\u094b\u0902 \u092e\u0947\u0902 \u0939\u093f\u0938\u094d\u0938\u0947\u0926\u093e\u0930\u094b\u0902 \u092a\u0930 \u092d\u0930\u094b\u0938\u093e \u0939\u094b\u0924\u093e \u0939\u0948 \u0914\u0930 \u091c\u094b\u0916\u093f\u092e \u0915\u0947 \u092c\u093e\u0935\u091c\u0942\u0926 \u0935\u0947 \u0905\u092a\u0928\u0947 \u0915\u093e\u0930\u094d\u0921 \u0915\u093e \u0911\u0928\u0932\u093e\u0907\u0928 \u092c\u094d\u092f\u094b\u0930\u093e \u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924 \u0915\u0930\u0924\u0947 \u0939\u0948\u0902\u0964 \u0915\u093e\u0930\u094d\u0921 \u0915\u093e \u092c\u094d\u092f\u094b\u0930\u093e \u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924 \u0915\u0930\u0928\u0947 \u0915\u0940 \u0914\u0930 \u092a\u094d\u0930\u092e\u0941\u0916 \u0935\u091c\u0939\u094b\u0902 \u092e\u0902 \u0938\u0941\u0935\u093f\u0927\u093e (58 \u092a\u094d\u0930\u0924\u093f\u0936\u0924) \u0935 \u0915\u0948\u0936 \u092c\u0948\u0915 \u0914\u0930 \u0930\u093f\u0935\u093e\u0930\u094d\u0921 \u0915\u0947 \u0930\u0942\u092a \u092e\u0947\u0902 \u0932\u093e\u092d (57 \u092a\u094d\u0930\u0924\u093f\u0936\u0924) \u0936\u093e\u092e\u093f\u0932 \u0939\u0948\u0964<\/p>\n<p>\u0907\u0938\u0938\u0947 \u0911\u0928\u0932\u093e\u0907\u0928 \u092d\u0941\u0917\u0924\u093e\u0928 \u092e\u0947\u0902 \u0915\u093e\u0930\u094d\u0921 \u0915\u093e\u0902 \u092c\u094d\u092f\u094b\u0930\u093e \u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924 \u0915\u0930\u0928\u0947 \u0915\u094b \u0932\u0947\u0915\u0930 \u0917\u094d\u0930\u093e\u0939\u0915\u094b\u0902 \u0915\u0940 \u0924\u0930\u091c\u0940\u0939 \u0915\u093e \u092a\u0924\u093e \u091a\u0932\u0924\u093e \u0939\u0948\u0964<\/p>","protected":false},"excerpt":{"rendered":"<p>At least 82 per cent consumers consider it would be somewhat or extremely inconvenient for them to re-enter all their details for every card-based online payment, said a nationwide survey on popular opinion conducted in view of the central bank&#8217;s new security guidelines. The Consumer Unity and Trust Society (CUTS) survey found consumers think they [&hellip;]<\/p>","protected":false},"author":1,"featured_media":26167,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2100],"tags":[2111],"class_list":["post-26166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-january-news-2022","tag-online-paymeant"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Most consumers wary of stricter rules for online card use - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/most-consumers-wary-of-stricter-rules-for-online-card-use\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Most consumers wary of stricter rules for online card use - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"At least 82 per cent consumers consider it would be somewhat or extremely inconvenient for them to re-enter all their details for every card-based online payment, said a nationwide survey on popular opinion conducted in view of the central bank&#8217;s new security guidelines. 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