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PhonePe ‘SafeCard’ allows companies to implement tokenisation simply

Bengaluru: PhonePe, Indias main digital funds platform, on Tuesday introduced that its SafeCard tokenisation resolution for on-line companies allows their finish clients to expertise the comfort of saved card transactions with added safety.

This resolution is in compliance with the latest RBI tips.

PhonePe SafeCard allows companies to supply tokenisation on their very own platforms by way of a easy API integration. With this resolution, companies can create, course of, delete and modify tokens for on-line card funds with a clients’ consent, the corporate mentioned in an announcement.

PhonePe SafeCard enhances buyer expertise and saves companies vital effort and time, by working easily throughout all main card networks together with Mastercard, RuPay and Visa.

It additionally removes the necessity for integration with a number of card networks.

To supply companies an edge, PhonePe SafeCard offers them a headstart over competitors by utilising entry to thousands and thousands of PhonePe clients’ tokenised playing cards. PhonePe additionally takes care of any further authentication for customers, if wanted.

“It allows a easy and hassle-free expertise for patrons by way of login and funds with further options. Retailers get a devoted and secured vault in a PCI-DSS (Fee Card Trade-Information Safety Customary) compliant surroundings,” in response to the corporate.

As well as, transactions on the service provider platform will be processed utilizing any fee gateway chosen by the enterprise, whereas they’ve the pliability to course of transactions with the fee gateway of their alternative.

PhonePe mentioned it’s working actively with its giant base of on-line companies to assist them elevate their buyer expertise by adopting the PhonePe SafeCard.

The corporate processed over two billion transactions on its platform in October alone this yr.

What do you think?

Written by VK Team

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