You can now tokenise your debit/credit card via mobile and internet banking

You can now tokenise your debit and credit cards through internet and mobile banking too. It was earlier available only through merchant applications or websites only.

RBI has also allowed CoFT through card issuing banks or institutions to provide cardholders with an additional choice to tokenise their cards for multiple merchant sites through a single process.

Tokenised card transaction is considered safer as the actual card details are not shared with the merchant during transaction processing, as per RBI.