Categories: Business

Mastercard and Google Pay tie-up for tokenisation for card-based payments

Mastercard and Google announced a tokenization method that enables Google Pay users to safely transact using their Mastercard credit cards and debit cards. With this collaboration, Google Pay Android users can scan and pay across all Bharat QR-enabled merchants, tap-and-pay, and make in-app transactions through their Mastercard debit and credit card. For a convenient registration, users will have to do a one-time setup by entering their card details and their OTP to add their card on the Google Pay app.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Mastercard said this initiative is an extension of Mastercard’s long-standing collaboration with Google and will go a long way towards enabling India’s digital economy.

Important takeaways for all competitive exams: 

  • Mastercard Founded: 16 December 1966;
  • Mastercard Headquarters: New York, United States;
  • Mastercard CEO: Michael Miebach;
  • Mastercard Executive Chairman: Ajay Banga.

Find More Business News Here

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.

Recent Posts

MSME Ministry Signs MoU with Amazon For Vishwakarma Artisans

The Ministry of Micro, Small and Medium Enterprises (MSME) has signed a Memorandum of Understanding…

16 mins ago

Chhattisgarh Gets Its First Ramsar Site: Kopra Reservoir Declared Wetland of International Importance

Chhattisgarh has achieved a major environmental milestone with the declaration of the Kopra Reservoir in…

23 mins ago

Insurance Amendment Bill 2025: Cabinet Approves 100% FDI in Indian Insurance Firms

A Major Reform for the India’s financial sector, the Union Cabinet has approved the Insurance…

1 hour ago

National Energy Conservation Day 2025: Meaning, Importance, and Observance in 2025

National Energy Conservation Day is observed in India every year on 14 December to spread…

1 hour ago

International Day Against Colonialism in All Its Forms and Manifestations 2025

The United Nations has taken a historic step in strengthening the global commitment to decolonization.…

1 hour ago

Which City of Czech Republic is Known as the Heart of Europe?

Many cities in Europe are known for their beauty, history and culture. However, one city…

2 hours ago