SBI Card joined hands with Paytm for Card Tokenization

Sumit Arora Last updated on January 3rd, 2022 12:53 pm 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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Sumit Arora

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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.