top of page
  • Writer's pictureVivek Singh

All you need to know about Tokenisation & how it's working in India !!

Updated: Feb 12, 2023

Sensitive data, such as credit card numbers, are transformed through the tokenization process into a distinct, encrypted digital representation known as a token. The token can be used for transactions in place of the original data as a safe, pseudo-anonymous identity.





Benefits of tokenization include:


  1. Protection: When compared to conventional techniques for storing sensitive data, tokenization offers a higher level of security. Because tokens are encrypted and only authorized systems are capable of decrypting them, it is more difficult for fraudsters to access and alter the original data.

  2. Tokenization assists firms in adhering to data protection laws like the General Data Protection Regulation and the Payment Card Industry Data Security Standard (PCI DSS) (GDPR).

  3. Flexibility: Because tokens can be used for many transactions, companies can more easily

  4. Applications of tokenization: control the handling of money and client data.

  5. Cost savings: By employing tokens, businesses can cut the price of managing, storing, and safeguarding critical data.

Tokenization applications


  1. Payment processing: Tokenization is frequently used to protect credit card information during payment processing. Payments can be made using tokens without disclosing actual credit card details.

  2. Data storage: Sensitive data can be protected through tokenization, which makes it more difficult for unauthorized users to access and abuse the data in databases and other storage systems.

Tokenization is a technique used in mobile payments to protect sensitive data, including credit card numbers, when making purchases from mobile devices. Overall, tokenization offers a higher level of security and flexibility for storing and processing sensitive data providing a higher level of security and helping organizations comply with data protection regulations.






Comments


bottom of page