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GPay announces card tokenization with SBI
June 17, 2021
Google has roped in more banks for card tokenization on the Google Pay application. Cards tokenization is a feature that allows clients to make debit or credit card payments through a safe advanced token appended to their phone without having to truly share their credit or check card details.
Google Pay had earlier rolled out the feature with Kotak Mahindra Bank, SBI Cards and Axis Bank. Be that as it may, Google Pay has now added SBI, Induing Bank and Federal Bank and Credit cards by IndusInd Bank and HSBC India to its record.
Google Pay card tokenization would allow clients to Near field communication (NFC) fit gadgets/phones make contactless payments at over 2.5 million Visa trader areas. It will likewise allow clients to output and pay at more than 1.5 million Bharat QR enabled merchants. Clients can likewise take care of their bills and re-energize their numbers using credit cards.
Google says that the component likewise works with online merchants, gives consistent OTP experiences without redirecting clients to 3D Secure sites.
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