Tokenize your debit card, credit card for safe online transactions from Oct 1
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If online is your preferred mode of payment, you can use a virtual code instead of exposing your actual card details.
If online is your preferred mode of payment, you can use a virtual code instead of exposing your actual card details to shield against data thefts and financial frauds from Saturday, as RBI norms on card tokenization come into force.Card-on-file Tokenization (CoFT) is a process through which the actual details such as the 16-digit number, expiry date on a credit or debit card are replaced by a virtual code which is unique for that card, merchant point where it is to be used and the token requestor (or the card user). As per RBI guidelines, payment aggregators, wallets and online merchants (entities in c...