In India RBI Introduce a new guideline for credit and debit card market for new service of using token system for online transaction which is used by the safe you from unwanted fraud which is happen to you card details take from tried party apps
when service started:
RBI give a guideline to bank to provide a token for online transaction from 1 January 2022 on wards can use this service to protect you card from any fraud.
Its Mandatory service :
No its a extra service which use to take extra security for your money.
Where u use this:
You can its use in all the online transaction like amazon for shopping, Zomato for food ordering,
BookmyShow for movie booking.
How its Work:
You bank application is provided a token Number for you Credit or Debit card which is put to the place of you card payment option in the E commerce and online application. it can save you credit and debit card Number to any third party apps.
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