Home How to Google India introduces tokenized cards in Google Pay

Google India introduces tokenized cards in Google Pay

HIGHLIGHTS

  • Google India hosted events in Delhi, India
  • Google India introduced some ver pathbreaking functionalities
  • Google India introduced Tokenized virtual payment system integrated with google pay

Google pay is one of the biggest payment platforms by volume in India, with 67 million monthly active users in India. And today it has hosted events in Delhi, India where new major updates were introduced. A new set of updates include tokenized cards for more secure payments, food delivery, Google Pay for Business, e-KYC and simpler Onboarding, donations and the new Jobs Spot.

Introducing Tokenized Cards on Google Pay, that use a virtual number instead of your VISA card number during transactions. This ensures that no sensitive information is shared and makes payments more seamless. #GoogleForIndia pic.twitter.com/cWE3sC6lns

— Google Pay India (@GooglePayIndia) September 19, 2019

[su_heading size=”27″ margin=”0″]What is Tokenized Cards?[/su_heading]

Credit card tokenization is the process of completely removing sensitive data from a company’s internal network by replacing it with a randomly generated, unique placeholder called a token. For instance, if a card number was 1234 5678 8765 4321, it would end up looking something like E67TY8GQ27X. This token is used to access, retrieve, and maintain a customer’s credit card information to ensure a higher level of security for both the customer and your business. Since after transaction the virtual token vanished, so there is no point of fraud and your card data is completely safe. It is even safer than an end to end encryption.

Also, read:

This is not very new technology but perhaps the first time for Indians. Google will roll out this functionality on Google Pay for Visa cards by HDFC, Axis, Kotak, and Standard Chartered banks, in coming weeks and it would extend the support to cover Mastercard and Rupay cards in the coming months.

Read: Security Token and Smart Card Technology

This is a very revolutionary technology making the digital transaction more secure and also this can give a boost to Google pay in India. Since all cards are not supported so still there is some limitation but it will be sorted out in the coming months. So we must wait for this technology to spread and see how this technology will strengthen this digital payment system.

 Download  GPay

 

Google Pay - a simple and secure payment app
Google Pay - a simple and secure payment app
Developer: Google LLC
Price: To be announced
Nitesh Rajputhttp://techscanner.in
I Love technology and the way it is transforming our lives, call me a geek!! Apart from that, I spend my time playing games, watching movies & most importantly the Painting. Reading books is one of my best sources of inspiration.
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

REACH OUT TO US

75FansLike
140FollowersFollow
24FollowersFollow
13,300SubscribersSubscribe

Most Popular

How to Watch IPL for Free on Mobile/Smartphone

IPL fever is on and dreams 11 sponsored IPL 2020 is being played in UAE outside its real audience. So you can't watch the...

Manually Update MIUI 12 on POCO F1 Smartphone

MIUI version upgrade is one of the biggest events for Xiaomi devices. The Android version upgrade for Xiaomi devices doesn’t this much of a...

How to Get Super Wallpapers on POCO F1 Smartphone

The most highlighting feature of the MIUI 12 stable update is Super Wallpapers. It’s basically live wallpapers of Earth and Mars, but with more...

Effective ways to build your brand

Chances are you reading this because you wish to build a brand from scratch or already have a business but want to establish your...
0
Would love your thoughts, please comment.x
()
x