RBI opens interoperable tokenisation for all; no edge for Apple and Google

The Reserve Bank of India (RBI) announced open interoperable tokenisation for all card transactions, allowing banks and fintechs to issue tokens without platform-specific restrictions. The article explains how this levels the playing field, removing proprietary advantages of Apple and Google wallets. It elaborates on security, regulatory compliance, and benefits for consumers and merchants. The move supports digital payment adoption and enhances system interoperability, aligning with RBI’s vision of a secure and inclusive payments ecosystem. The article contextualizes this policy change in the broader fintech and digital banking landscape.