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

Venezuela Formally Withdraws from the International Criminal Court (ICC); What It Means

Venezuela has formally notified the United Nations (UN) of its decision to withdraw from the…

1 hour ago

Rivers of Jaipur: Complete List of Major Rivers, Their Origin, Length and Importance

Jaipur is the capital of Rajasthan, located in the semi-arid zone of Northwestern India. Although…

1 hour ago

Rajnath Singh Unveils Indian Coast Guard Reforms to Promote Gender Equality and Simplify Ex Gratia Benefits

In a landmark move to promote gender equality and improve the welfare of personnel, Defence…

2 hours ago

Bihar Student Credit Card Scheme (BSCC): Eligibility, Benefits, Loan Amount, Documents & How to Apply

The Bihar Student Credit Card Scheme (BSCC) is a flagship program under the Department of…

2 hours ago

SBI to Become First Indian Bank to Issue Basel III-Compliant AT-1 Perpetual Bonds in 2026

State Bank of India (SBI) is set to become the first Indian bank in 2026…

2 hours ago

Axis Finance Launches ‘Drishti’ Digital Platform

India’s financial technology ecosystem witnessed two significant developments in July 2026, with Axis Finance Limited…

2 hours ago