Google Pay has partnered with VISA for the rollout of tokenization throughout its platform that may allow customers to soundly transact with their debit or bank cards. Through tokenization, Google Pay customers could make fee by utilizing the debit or bank card with out bodily sharing their credit score or debit card particulars by means of a safe digital token hooked up to their telephone.
About Tokenization function
The function may also facilitate the usage of the tap-to-pay function on near-field communications (NFC)-enabled level of sale (PoS) terminals and on-line retailers.
The function additionally works with on-line retailers, delivering extra native and seamless OTP experiences with none redirects to 3D safe websites.
This function is now out there to all customers of Axis, SBI Card and Kotak.
Important takeaways for all aggressive exams:
CEO of Google: Sundar Pichai; Headquarters: California, United States.
India & South Asia Group Country Manager of Visa: TR Ramachandran.