Your credit card just got safer: RBI allows networks to offer tokenisation

The mechanism offers an additional layer of security as it masks sensitive card data such as the 16-digit account number, expiration date and security code

The Reserve Bank of India (RBI) has permitted authorised card payment networks to offer card tokenisation services to any third party requesting it.

Tokenisation acts as an additional layer of security as it masks sensitive card data such as the 16-digit account number, expiration date and security code.  It creates a set of numbers that is used to substitute your card information. This ensures that your card information is not disclosed to the website or merchant you are transacting with. 

"Services such as the Visa Token Service can help prevent fraud by offering financial institutions, merchants, and third party payment providers, such