The real story is far less sensationalist than the title on HN, "Indian online merchants cannot store credit card information from 2022". Reading through the a

The real story is far less sensationalist than the title on HN, "Indian online merchants cannot store credit card information from 2022". Reading through the actual notification titled "Tokenisation – Card Transactions: Permitting Card-on-File Tokenisation (CoFT) Services", it is clear that the directive is a well deserved push away from Card on File (CoF) where the actual card details are stored by merchants, towards CoFT which is a lot less vulnerable. In fact this is exactly what Apple Pay, Google Pay, and several others are already doing worldwide.