2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which company has launched the NTS platform for the tokenisation of cards?
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NPCI
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RBI
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Google Pay
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State Bank of India
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Explanation:
Detailed explanation-1: -National Payments Corporation of India (NPCI)
Detailed explanation-2: -The Reserve Bank of India’s (RBI’s) card-on-file tokenisation rule is all set to kick in from October 1. Under the new norm, the central bank has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens.
Detailed explanation-3: -NPCI launches NTS platform for tokenization of RuPay cards.
Detailed explanation-4: -“Tokenisation refers to replacement of actual card details with an alternate code called the token, which shall be unique for a combination of card, token requestor and device, ” according to the RBI.
There is 1 question to complete.