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New Delhi [India], December 21 (ANI/PRNewswire): In 2022 PayU, India's leading online payments solutions provider, continued to be a front-runner in digitizing & simplifying the payments infrastructure of SMBs & enterprises. Keeping product innovation at the centre of its efforts, PayU witnessed a successful year and its revenues grew 38% to $183 million in the first half of the FY 2022-23. With a view to provide the best experience to its merchants PayU made several launches & updates in 2022: Product milestones & updates: Tokenized 65M+ Cards with PayU Token Hub: PayU enabled merchants to comply with RBI's guidelines on online card data storage while offering customers a seamless payment experience. This unique platform allows banks to create their own tokens. PayU has the potential to tokenize 90% of all domestic transactions, as it is live with India's largest payment networks - Visa, Mastercard and RuPay. Refunds within 30 seconds: Through platform opti ....
One97 Communications Limited (OCL), the company that owns Paytm, released a statement on Monday morning stating that with this development 93 percent of the monthly active cards on the Paytm app are tokenised. ....
According to the company, over 80 per cent of PhonePe’s active users have already tokenised their cards, and it is on track to meet RBI’s September 30 deadline for tokenising all debit and credit cards.