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PayU successfully tokenizes 50 million+ cards, providing a one-stop tokenization solution with Token Hub

New Delhi [India], September 23 (ANI/PRNewswire): PayU announced today that it has successfully tokenized over 50 million cards to date. PayU has the potential to tokenize 90 per cent of all domestic transactions, as it is live with India's largest payment networks - Visa, Mastercard and RuPay, and fully certified by them as a token requestor and token provider. PayU Token Hub is a unique solution offering both network tokens and issuer tokens under a single hub. It has the widest coverage of card and bank networks, and is also live on American Express and Diners Club. Success rates are 6-7 per cent higher, on average, for tokenised transactions processed by PayU, compared to transactions through debit and credit cards. Speaking on the development Manas Mishra, Chief Product Officer, PayU payments said, "The achievement speaks to PayU's commitment to helping merchants comply with government regulations without compromising customer convenience. We have already integrated s

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