Tokenization for Card Based Transactions
As per RBI mandate, starting from 1st October, 2022 the card details (clear card number, CVV, card expiry date) and any other sensitive information related to cards should not be stored by merchants websites / Apps for processing online transactions. The card number will be replaced by a Token which is generated online and the entire process is called Tokenisation which is introduced to enhance the security of online transactions.
Tokenization related Frequently Asked Questions (FAQ) are available in the below link.
As an additional feature of Tokenization, you can able to view / manage the tokens where your card details are stored in the merchant sites using our card holder portal.