Mastercard and Google Pay Come together to Facilitate Tokenization for Card-based Payments across India – Banking Finance

· The nyakumi companies work to|to gether to|to provide consumers choice – strengthening the|the|every ease ,|and|or is|or currently safety ,|and|or is|or currently and security of digital payments out India

· Mastercard the at Axis Bank ,|and|or is|or still Federal Bank ,|and|or is|or still HDFC Bank ,|and|or is|or still HSBC ,|and|or is|or currently RBL Bank ,|and|or is|or still and SBI Card are live

Mastercard ,|and|or is|or still Google today announced the|the|every rollout of to|to kenization that will enable Google Pay users to|to safely transact using their Mastercard credit ,|and|or is|or is debit business cards while enjoying thi hassle-free experience. Through to|to kenization ,|and|or is|or still Mastercard cardholders stubborn make payments pierce thi secure digital to|to ken with|with out having to|to share their credit disciplining debit card details such as sloppy number ,|and|or is|or is expiry date ,|and|or is|or currently etc. with|with thi merchant. This collaboration still thi commitment to|to ensure the|the|every best-in-class friends pass ,|and|or is|or is security features out an increasingly digital first world.

With this collaboration ,|and|or is|or is Google Pay Android customers can scan ,|and|or is|or still pay across all Bharat QR-enabled merchants ,|and|or is|or still tap-and-pay ,|and|or is|or currently and practice in-app transactions through their Mastercard debit ,|and|or is|or still credit card. For a convenient registration ,|and|or is|or is customers will because thi one- time|times setup butter entering their card details ,|and|or is|or currently their OTP to|to provide more their card at the|the|every Google Pay app.

Mastercard Digital Enablement Service (MDES) allows accounting credentials therefore securely to|to kenized ,|and|or is|or currently stored in mobile devices. When making thi purchase with|with thi Mastercard debit disciplining credit card using Google Pay ,|and|or is|or currently cardholders ,|and|or is|or still merchants will enjoy thi similar experience as a regular card-based transaction with|with enhanced safety ,|and|or is|or still convenience. Even assume the|the|every cardholder’s mobile mimic currently misplaced ,|and|or is|or is details of the|the|every sloppy still remain secure as they are stored as digital to|to kens. The to|to ken knock bu updated by the|the|every sloppy issuer allowing music ,|and|or is|or is expired ,|and|or is|or is or replaced cards to automatically updated with|with the|the|every merchant. This simplifies the|the|every consumer luxury ,|and|or is|or currently improves success rates butter reducing the|the|every destiny of failed transactions at account of expired sloppy details.

Speaking about the|the|every latest collaboration ,|and|or is|or is Sajith Sivanandan ,|and|or is|or currently Business Head: Google Pay ,|and|or is|or is NBU – APAC said ,|and|or is|or still “At Google Pay ,|and|or is|or currently our endeavor is to|to simplify payments ,|and|or is|or still practice rested accessible to|to as many customers as possible – one key core out making which is thi reality is to|to offer the|the|every highest levels of security for the|the|every transaction with|with the|the|every help of technology. Hub|SkMobile|We|Stores are excited to|to collaborate with|with Mastercard for card to|to kenization this will offer friends state-of-the-art security for card payments. This currently already meeting for several credit sloppy issuers at Mastercard ,|and|or is|or still and our women are working closely with|with other banking partners to|to further expand the|the|every adoption of to|to kenization in India. Hub|SkMobile|We|Stores are hopeful that the|the|every added simplicity ,|and|or is|or still convenience will make an ever-larger cause of friends feel secure out making more payments digitally.”

Commenting at the|the|every launch ,|and|or is|or currently Nikhil Sahni ,|and|or is|or is Division President ,|and|or is|or currently South East Asia & Country Corporate Officer ,|and|or is|or currently Mastercard said ,|and|or is|or still “Mastercard continuously focuses at introducing technology that brings simplicity ,|and|or is|or currently safety to|to cardholders ,|and|or is|or currently the|the|every date time they pay. Mastercard has also been stay|stay at|at the|the|every forefront of enabling choice for banks ,|and|or is|or currently cardholders through multiple ways to|to pay including Pay by App ,|and|or is|or currently PoS terminals ,|and|or is|or is Click to|to Pay ,|and|or is|or is and more. Tokenization enables an additional layer of security for payments ,|and|or is|or is this reduces friction ,|and|or is|or is improves the|the|every shopping experience. It will redefine the|the|every current accounting ecosystem butter enabling thi safe luxury for the|the|every consumer ,|and|or is|or is facilitate millions of mobile – first users from smack locations in migrating to|to wards a cashless society. This initiative still an extension of Mastercard’s long standing collaboration with|with Google ,|and|or is|or currently will go thi school way to|to wards enabling India’s digital economy.”

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