Visa introduces CoF tokenisation on Grofers, BigBasket and others

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Card-on-File Tokenisation replaces actual card data with encrypted digital tokens, which are then used to facilitate and authenticate transactions. This will save customers from the hassle of having to enter all card details afresh for each transaction once the RBI’s PA and PG guidelines kick in on December 31.

Visa introduces CoF tokenisation on Grofers, BigBasket and others.

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  • Watch Visa introduces CoF tokenisation on Grofers, BigBasket and others Video
    Visa introduces CoF tokenisation on Grofers, BigBasket and others

    Card-on-File Tokenisation replaces actual card data with encrypted digital tokens, which are then used to facilitate and authenticate transactions. This will save customers from the hassle of having to enter all card details afresh for each transaction once the RBI’s PA and PG guidelines kick in on December 31.

    Visa introduces CoF tokenisation on Grofers, BigBasket and others

    Technology video | 102 views

  • Watch ടോക്കണൈസേഷൻ പദ്ധതി എപ്പോൾ മുതൽ | What is Card Tokenisation? Tokenisation Malayalam | News60 Video
    ടോക്കണൈസേഷൻ പദ്ധതി എപ്പോൾ മുതൽ | What is Card Tokenisation? Tokenisation Malayalam | News60

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    #Tokenisation #RBIrule #CardPayment
    ആർ ബി ഐ ടോക്കണൈസേഷൻ പദ്ധതി എപ്പോൾ മുതൽ |
    This video is to know about RBI’s card payment rule, Card Tokenisation.
    - What is Card Tokenisation?
    - How does it work?
    - Card tokenization Process?



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    The Reserve Bank of India (RBI) has directed payment aggregators, wallets and online merchants not to store any sensitive card related customer information, including full card details. The 16-digit card numbers will get replaced with a ‘token’.

    The only way that you can conveniently make a card payment repeatedly is through a new process called ‘tokenisation’. With this technology update, the transactions using cards will remain unaffected by the card tokenization process, rather, it will make transactions more secure.

    Until now, whenever you bought things from e-commerce websites or booked train or flight tickets through a travel website you had to save your debit or credit card details for ease in future transactions.

    You would only enter the three digit CVV number and checkout of the payment transaction within seconds. But saving card details in the current form is risky. There are instances of popular websites getting hacked by fraudsters and harvesting the saved card data.

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    Watch the full film 'SAMARPAN' online on
    - Rolling Frames Entertainment - (https://rfetv.in)
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    - ASHI, Haryana's website - https://ashi-haryana.org/

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    Director: Ojaswwee Sharma

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    - Editor: Bhasker Pandey
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    Surinder Singh
    - Subtitles: Diveeja Sharma

    For Pinaka Mediaworks LLP (India)

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    - Head of Post Production: Bhasker Pandey
    - Legal Advisor: Vishal Taneja

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