Card Tokenization in India:
Card tokenization has become a significant technological advancement in India, enhancing security and customer convenience in digital payments.Over 91 crore tokens were issued by December 2024 and has enabled nearly 98% of e-commerce transactions to be processed without actual card data, reducing the risk of data breaches. Tokenization substitutes actual card details with a unique code, or “token,” which acts as a secure identifier during transactions.
