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Industry prepared for potential disruptions as tokenisation nears

industry insiders say, the success rate of token-based transactions is higher, but inadequate testing of certain use-cases may result in some transactions not going through

Topics
Reserve Bank of India | Cards | Tokenisation

Subrata Panda  |  Mumbai 



Credit card
Tokenisation is a backend process of replacing credit/ debit/ prepaid card details with a unique set of characters or a 'token'.

With a day left before the Reserve Bank of India’s (RBI’s) norms kick in, the system is relatively ready for the transition. There are still some chinks in its armour and teething troubles are expected.

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First Published: Thu, September 29 2022. 20:32 IST

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