Tokenisation FAQs

Tokenisation FAQs

What is the RBI Guideline?
RBI has made it mandatory for all merchants, payment gateways and aggregators, not to store any card details. This will ensure that your data stays protect...
Tue, 21 Jun, 2022 at 4:44 PM
How will my payments work?
When you secure your card details, a token will be generated by the card service provider (VISA/Mastercard).  This token will be used instead of your card ...
Tue, 21 Jun, 2022 at 4:45 PM
What is a Token?
A Token is a virtual identifier for your card. This is generated by the card service provider (VISA/Mastercard).  The token will not contain any personal d...
Tue, 21 Jun, 2022 at 4:46 PM
Where will my card details be stored?
PayMate will not be storing your card details anymore. Tokens provided by the card service providers (VISA/Mastercard) will be used instead. These tokens ke...
Tue, 21 Jun, 2022 at 4:47 PM
What will happen if I do not secure my card now?
RBI has made it mandatory for all merchants, payment gateways and aggregators to not store any card details, if you choose not to secure your card details w...
Tue, 21 Jun, 2022 at 4:51 PM