Who tied up for the tokenization of card based payments?

A)
Mastercard and PhonePe
B)
Mastercard and BharatPe
C)
Mastercard and Google Pay
D)
Mastercard and Amazon Pay

Correct Answer :   Mastercard and Google Pay


Mastercard and Google on Tuesday(21-12-2021) announced the rollout of tokenization that will enable Google Pay users to safely transact using their Mastercard credit and debit cards.
 
Through tokenization, Mastercard cardholders can make payments through a secure digital token without having to share their credit or debit card details such as card number and expiry date with a merchant.
 
The statement said that Google Pay Android users can scan and pay across all Bharat QR-enabled merchants, tap-and-pay, and make in-app transactions through their Mastercard debit and credit card. For registration, users will do a one-time setup by entering their card details and their OTP to add their card on the Google Pay app.

Published On : December 23, 2021