Razorpay TokenHQ is available for all businesses and merchants using other payment gateways can also use Razorpay’s solution to tokenise cards and route payments using their existing payment partnerships. Using Razorpay TokenHQ, businesses would be able to create, process, delete, and modify tokens for online card payments with customers’ consent.
The announcement came after RBI introduced new guidelines disallowing businesses, payment aggregators, and acquiring banks, from storing customers’ credit/debit/prepaid card information.
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