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

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

Published: September 23, 2022

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-...

Source: laosnews.net
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United StatesNew DelhiManas MishraAmerican ExpressDiners ClubChief Product OfficerToken HubDigital IndiaReserve BankNew Delhi IndiaEptember 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 TransactionsS It Is Live With India 39s Largest Payment Networks VisaAstercard And RupayNd 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 NetworksNd Is Also Live On American Express And Diners Club Success Rates Are 6 7 Per Cent HigherOn AverageOr Tokenised Transactions Processed By PayuOmpared To Transactions Through Debit And Credit Cards Speaking On The Development Manas MishraChief Product OfficerAyu Payments SaidUot 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 CountryNd As The Deadline ApproachesE 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 2021O 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 WibmoAyu Token Hub Is Developed As An Interoperable Plugn Play Solution
PayU tokenises 50 million cards ahead of RBI's Sept 30 deadline - Vimarsana News

PayU tokenises 50 million cards ahead of RBI's Sept 30 deadline

Published: September 22, 2022

The card tokenisation process for PayU users happens via its solution, PayU Token Hub which was launched in October last year.

Source: businesstoday.in
Related Topics:
Manas MishraT Rabi SankarReserve BankPayu IndiaPayu Token HubChief Product OfficerPayu PaymentsToken HubDigital IndiaVijay Shekhar Sharma Led PaytmWhat Is CardHow To Tokenize YourPayu Token HubCard TokenisationEserve Bank Of India Card TokenisationRbi Deadline