Current Affairs   »   NPCI launches card tokenisation platform ‘NTS’

NPCI launches card tokenisation platform ‘NTS’

NPCI launches card tokenisation platform 'NTS'_50.1

The National Payments Corporation of India (NPCI) has launched the NPCI Tokenization system (NTS) to further enhance the safety of customers and provide a seamless shopping experience to consumers. The NPCI Tokenization System (NTS) will support the tokenisation of RuPay cards, to provide an alternate for storing card details with merchants.

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NPCI’s Token Reference On File(TROF) service will help RuPay cardholders, to maintain the security of their financial data. With NTS, acquiring Banks, Aggregators, Merchants & others can get themselves certified with NPCI & can play the role of Token Requestor to help save the Token reference number (Token Reference On File) against all card numbers saved.

Important takeaways for all competitive exams:

  • National Payments Corporation of India MD & CEO: Dilip Asbe;
  • National Payments Corporation of India Headquarters: Mumbai;
  • National Payments Corporation of India Founded: 2008.

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