Debit Card, Credit Card Tokenisation

Debit Card, Credit Card Tokenisation: PayU Tokenises Over 50 Million Cards as Deadline Near

The company’s PayU Token Hub service offers network tokens and issuer tokens under a single hub.

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Payment service provider PayU has announced that it has successfully tokenised more than 50 million cards

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The Netherlands-based fintech works with some of India’s largest payment networks

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Through PayU Token Hub, merchants and banks can easily comply comply with tokenization guidelines

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It offers frictionless payment experience in tokenization card details

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And doesn’t require many steps to carry out a transaction.

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PayU claims a 6-7% higher success rate on average for tokenised transaction processed by it as compared to those processed through debit and credit cards

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According to the fintech, it has the capability to tokenise 90% of all domestic transactions.

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