Categories: Agreements

Google Pay, Visa partner for card-based payments with tokenisation

Google Pay has partnered with VISA for the rollout of tokenization across its platform that will enable users to safely transact with their debit or credit cards. Through tokenization, Google Pay users can make payment by using the debit or credit card without physically sharing their credit or debit card details through a secure digital token attached to their phone.

WARRIOR 3.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

About Tokenization feature

  • The feature will also facilitate the use of the tap-to-pay feature on near-field communications (NFC)-enabled point of sale (PoS) terminals and online merchants.
  • The feature also works with online merchants, delivering more native and seamless OTP experiences without any redirects to 3D secure sites.
  • This feature is now available to all users of Axis, SBI Card and Kotak.

Important takeaways for all competitive exams:

  • CEO of Google: Sundar Pichai; Headquarters: California, United States.
  • India & South Asia Group Country Manager of Visa: TR Ramachandran.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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Sumit Arora
5 years ago

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