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SBI Card joined hands with Paytm for Card Tokenization

Sumit Arora Published On January 3rd, 2022 Leave a comment

SBI Cards and Payment Services has tied up with Paytm for card tokenisation to protect the data of the cardholders. SBI Card has collaborated with Paytm to enable cardholders to tokenise their cards on devices and make payments through Paytm. Tokenisation refers to masking the original card number by replacing it with a set of unique characters, termed as token, which secures the customer’s card details when a transaction is under process.

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Currently, only cards issued in the Indian territory are enabled on the Paytm network. However, customers may transact using his/her SBI Card through the Paytm network in international locations.

Important takeaways for all competitive exams:

SBI Card Headquarters: Gurugram, Haryana;
SBI Card Managing Director & CEO: Rama Mohan Rao Amara.

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About the Author

Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.