With just two days left, frenzied buyers are in a hurry to complete the Diwali shopping for near and dear ones and for gifting as well. Along with the festive buyers, fraudsters are also busy to ensure that they don’t miss any chance to defraud unsuspected consumers as they make cashless payments without following proper security protocol.
To protect the consumers and to keep the fraudsters at bay, the National Payments Corporation of India (NPCI) is trying hard to make cashless payments more secure without making the process complex.
To ensure convenience and security, the NPCI has introduced the concept of card tokenization, by de-identifying sensitive cardholder data by converting it to a string of randomly generated numbers called
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