Reserve Bank of India has implemented ‘card tokenization’ technology to overcome the shortcomings of digital payment through cards.
In the process of the payment through card, it has to be swapped in the ‘point of sale’ machine, whereby various information of card is stored with payment receiver. This increases the chances of financial fraud.
In the process of card tokenization, the card details will be converted into an alternative code called token, which will make it possible to make secure payments without using the card directly. For this process, the card holder will have to make a request through a special app.
RBI has directed to the card issuing companies to act as ‘token service providers’. Initially this service will be provided only on mobiles and tablets, which is voluntary and free of cost. Under this, the facility of de-tokenizing the tokenized card has also been provided.
FAQ
Contact Us 
New Batch : 9555124124/ 7428085757 
Tech Support : 9555124124/ 7428085757
