Credit, debit & prepaid card providers - Visa and Mastercard have mandated to extend their 6-digit Bank Identification Number (BIN) to an 8-digit BIN from April 2022. This means that from 1st April 2022 onwards, any new BINs issued will be an 8-digit BIN. Other card providers are not moving to 8-digit BINs yet.
There is no change in the way merchants or customers submit card account details and how we process card payments.
More details about Bank Identification Numbers can be found here..