Worldline, the European company in payments and transactional services and market leader in India announced the launch of its unique ‘Tokenisation Solution’ to enable businesses to comply with the RBI’s latest guidelines on online card data storage. Full-Service Tokenisation solution by Worldline is built in partnership with major card networks including Visa, Mastercard and RuPayalong with leading issuing banks.
Worldline has developed a fully interoperable plug-and-play solution to enable card on file tokenisation using single integration. Businesses will be able to enable Worldline Tokenisation solution with minimal technical upgrades and continue to offer seamless payment experience to their customers in compliance with the latest guidelines.
Commenting on the development, Jagdish Kumar, VP – Products and Solution, Digital Commerce, Worldline India said, “Full-Service Tokenisation Solution by Worldline offers a holistic solution that would cover token provisioning along with tokenised transaction processing. It offers complete coverage for merchants, as it is integrated with all payment networks and issuers directly. Merchants can provision, manage tokens and customer’s consent from a single interface. The RBI’s guidelines on tokenisation will help to boost greater customer confidence in cards as a payment method and encourage the adoption of digital payments. From a long-term perspective, these guidelines will be very beneficial for all the stakeholders involved in the payment ecosystem, as it will not only open possibilities to reach inactive card customer base, but also help in businesses to enhance data security without compromising on customer experience.”