Tokenization of credit and debit cards for safe online shopping from Jan: Here’s how the process works
From January 1, 2022, the way you use your credit or debit cards while shopping on Amazon, Flipkart, BigBasket, Myntra, etc., will change. You would no longer be required to save your 16-digit card number and the card expiry date on the merchant’s website. As per the new rules set by the Reserve Bank of India (RBI), the only way that you can conveniently make a card payment repeatedly is through a new process called ‘tokenisation.’ What is card tokenisation? When you shop online or even book tickets on travel portals, you…
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