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RBI introduces Tokenisation to make card payment safer

RBI introduces Tokenisation to make card payment safer

Image credit: Shortpedia

RBI has permitted the authorized card payment networks to offer tokenisation services to the customers to enhance the safety and security of the payment systems. Tokenisation is a process that will mask the card details by generating an alternate code called 'Token'. The Token will be different for every individual card and will protect the cardholder from data theft. Saving card details on the apps will also be safe.

read more at Business Today

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