Question: Which of the following digital Payment firm has launched a tokenisation solution named “SafeCard”?
(a) Google Pay
(b) PhonePe
(c) BharatPe
(d) Razorpay
Answer: (b)
Related Facts:
- Digital Payment firm, PhonePe has launched a tokenization solution named ‘SafeCard’ for online debit and credit card transactions.
- This solution will enable both PhonePe users and merchant partners to continue experiencing the convenience of saved card transactions with increased security, and in compliance with the new Reserve Bank of India (RBI) guidelines.
- This solution supports all major card networks such as Mastercard, Rupay and Visa.
- Tokenisation provides users an added layer of security by converting sensitive cardholder data to a string of randomly generated numbers known as a token.
BY: AMIT GUPTA