Live Breaking News & Updates on O Help Businesses Comply With Rbi 39s Latest Guidelines On Online Card Data Storage Whilst Allowing Issuing Banks To Also Generate Their Own Tokens Powered By Wibmo

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 ....

United States , New Delhi , Manas Mishra , American Express , Diners Club , Chief Product Officer , Token Hub , Digital India , Reserve Bank , New Delhi India , Eptember 23 Ani Prnewswire Payu Announced Today That It Has Successfully Tokenized Over 50 Million Cards To Date The Potential Tokenize 90 Per Cent Of All Domestic Transactions , S It Is Live With India 39s Largest Payment Networks Visa , Astercard And Rupay , Nd Fully Certified By Them Asa Token Requestor And Provider Payu Hub Isa Unique Solution Offering Both Network Tokens Issuer Undera Single It Has The Widest Coverage Of Card Bank Networks , Nd Is Also Live On American Express And Diners Club Success Rates Are 6 7 Per Cent Higher , On Average , Or Tokenised Transactions Processed By Payu , Ompared To Transactions Through Debit And Credit Cards Speaking On The Development Manas Mishra , Chief Product Officer , Ayu Payments Said , Uot The Achievement Speaks To Payu 39s Commitment Helping Merchants Comply With Government Regulations Without Compromising Customer Convenience We Have Already Integrated Some Of Largest In Country , Nd As The Deadline Approaches , E Look Forward To Helping More Businesses Amp Their Customers Witha Smooth Transition With Token Hub We Are Working Towards Government 39s Digital India Vision As Believe This Regulation Will Boost The Payments Ecosystem By Making Online Transactions Safer From Cyber Frauds And Thefts Quot Payu Was Launched In October 2021 , O Help Businesses Comply With Rbi 39s Latest Guidelines On Online Card Data Storage Whilst Allowing Issuing Banks To Also Generate Their Own Tokens Powered By Wibmo , Ayu Token Hub Is Developed As An Interoperable Plugn Play Solution , O Enable Card On File And Device Tokenization Usinga Single Integration Point According To Rbi 39s Extended Deadline ,