CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following has become the 1st certified tokenization service for the NPCI Tokenization system (NTS) to support tokenization of RuPay cards?

A	PayPal
B	PayCore
C	PayCore
D	PayPhi

Explanation:

Detailed explanation-1: -Phi Commerce’s API (Application programming interface) first digital payments platform, PayPhi has become the first certified tokenization service for NTS supporting tokenization of RuPay cards.

Detailed explanation-2: -PayPhi, Phi Commerce’s API-first digital payments platform has become the first certified tokenization service for National Payments Corporation of India (NPCI) to support the tokenization of RuPay cards.

Detailed explanation-3: -Card tokenization is the process of replacing sensitive card information like card number, and card expiry with a cryptographically generated random string, referred to as the card token.

Detailed explanation-4: -NPCI launches NTS platform for tokenization of RuPay cards.

Detailed explanation-5: -• The NPCI Tokenization system (NTS) will support tokenization of RuPay cards as an alternative to. storing card details with merchants, to enhance customer safety.

There is 1 question to complete.