NPCI launches NTS platform for card tokenisation

Our Bureau Updated - October 20, 2021 at 12:56 PM.

NTS will support the tokenisation of RuPay cards

People using mobile bank for remittance of money. Man and woman with smartphones sending coins to each other. Vector illustration for cashless transactions, financial app, payment transfer concept With the banking and financial sector going digital, the scope in cybersecurity in this domain has increased.

National Payments Corporation of India (NPCI) on Wednesday announced the launch of NPCI Tokenization system (NTS) to support tokenisation of cards as an alternate to storing card details with merchants.

“The NPCI Tokenization System (NTS) will support the tokenisation of RuPay cards to further enhance the safety of customers and provide a seamless shopping experience to consumers,” it said in a statement.

Also see: Visa launches CoF tokenisation service for Grofers, BigBasket and MakeMyTrip

With NTS, acquiring banks, aggregators, merchants and others can get themselves certified with NPCI and can play the role of Token Requestor to help save the token reference number (Token Reference On File or TROF) against all card numbers saved, it further said.

“All these businesses can maintain their RuPay consumer base utilising TROF for future transactions initiated by their respective RuPay consumers,” it said.

Tokenisation guidelines have to be met by January 1, 2022.

Published on October 20, 2021 07:25