The Reserve Financial institution of India (RBI) on Friday prolonged the card-on-file (CoF) tokenisation deadline by three months to September 30, 2022, in view of assorted representations acquired from business our bodies. Card-on-file, or CoF, refers to card data saved by cost gateway and retailers to course of future transactions. Tokenisation is the method of changing precise card particulars with a singular alternate code referred to as ‘Token’ – thereby enabling safer transactions.