Concept:Tokenisation service accountability lies with the authorised card payment networks under RBI’s framework.
Explanation:In August 2021, RBI extended card tokenisation to consumer devices such as laptops, desktops, wearables, and IoT devices.
Tokenisation replaces actual card details with a unique token for safer digital payments.
RBI directed that the ultimate responsibility for these tokenisation services will rest with the authorised card payment networks.
These networks must ensure compliance, security, and proper handling of tokenisation.
Therefore, the responsibility is not with Clearing Corporation, NPCI, or RBI directly, but with the authorised card payment networks.
Answer:Option D — Authorised card payment networks