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WATCH: What Is Card Tokenization? How To Tokenize Your Cards?

WATCH: What Is Card Tokenization? How To Tokenize Your Cards?

Online platforms have begun requesting for your consent to re-save your credit and/or debit card details as Tokenization comes into effect from October 1. What does this mean? And is it safe for you to tokenize your cards? We answer this and more in this report.
Tokenization is a process by which card details are replaced by a unique code or token, allowing online purchases to go through without exposing sensitive card details. As per the Reserve Bank of India’s order, all merchants must delete customer debit and credit card data on or before October 1 and replace card payments with unique tokens for all online, point-of-sale and in-app transactions. Watch to know more.