Card tokenization is the new process of card payment security implemented by the Reserve Bank of India. Card tokenization will facilitate safer card transactions by providing in an extra layer of security to both the parties. Under card tokenization scheme the credit card details will not be shared neither to the merchant nor to the website in which the transaction has been carried out.
Watch this video till the end, to know about card tokenization in full detail. Card tokenization has been implemented by RBI from 1st October 2022. Since then it has done wonderous work in preventing fraudulent transactions.
Also don't miss to subscribe to ItalkCode for more of such informative videos. Till then happy coding.
