After several delays, India's central bank this fall enacted payment security rules prohibiting the storage by merchants of customers' credit card details. Instead, digital tokens would stand in. Not entirely ready, the travel industry got an extension, to June 2024, to work out how to use tokens when intermediaries like GDSs, TMCs and OBTs are involved in transmitting customer info.

Part of India's Ministry of Finance, the Reserve Bank of India implemented the rules on Sept. 30. Without the additional extension for travel transactions, travel management operations faced disruption.

RBI went for tokenization . . .

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David Jonas in 2006 co-founded business media firm ProMedia.travel after ten years as a journalist with Business Travel News. David rejoined BTN in 2010 as executive editor when its parent company acquired ProMedia, and in 2014 co-created The Company Dime. David has a bachelor's degree in communications from Cornell University.

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