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.