New Delhi: Google Pay in collaboration with Visa and banking partners on Monday rolled out tokenisation across its platform, enabling users to safely transact with their cards and use Tap-to-pay feature on near-field communication (NFC)-enabled point of sale (POS) terminals and online merchants.
The feature is now available to users of Axis and SBI Card, with Kotak and more banks expected to follow suit very soon.
With tokenisation, Google Pay Android users can use their debit or credit card to make payments through a secure digital token attached to their phone without having to physically share their credit or debit card details.
“We are hopeful that the tokenisation feature will further encourage users to transact securely and safely in the current times, and expand merchant transactions both online and offline,” said Sajith Sivanandan, Business Head: Google Pay and NBU-India.
The…
