The Reserve Bank of India (RBI) has expanded the scope of tokenisation to a
few more consumer devices including laptops, desktops, wearables, and IoT

Tokenisation is the process of replacing the actual card details with a unique
alternate code which is known as ‘token’ in online transactions. Tokenised card
transactions are thus considered safer as the customer card details are not
shared with the merchant during payment processing.

As per RBI’s notification, earlier this facility was available only for mobile
phones and tablets of interested cardholders. Also, there has been an uptake
in tokenised card transaction volume in recent months. The initiative is
expected to make the process of card transactions more secure, safe, and

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