CURRENT AFFAIRS

Detailed explanation-1: -Mastercard and Google today announced the rollout of tokenization that will enable Google Pay users to safely transact using their Mastercard credit and debit cards while enjoying a hassle-free experience.

Detailed explanation-2: -Globally, Mastercard is an early adopter of card-on-file Tokenization and continuously focuses on introducing technology that brings simplicity and safety to cardholders every time they pay. So far, Mastercard has rolled out Tokenization for consumers in over 2, 500 banks across the globe.

Detailed explanation-3: -The Token Connect framework allows an account holder to checkout anywhere in a secure and convenient way using any payment method they choose. The account holder starts their journey from an issuer banking app or an online banking web site and selects a payment account to push with a specific token requestor.