Razorpay launches TokenHQ multi-network

Monday 25 October 2021 14:39 CET | News

India-based payment service provider Razorpay has rolled out a multi-network Card-on-File (CoF) tokenisation solution ‘TokenHQ’, across Mastercard, Rupay, and Visa.

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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Keywords: Razorpay, Mastercard, Visa, tokenization, payment gateway, online payments, product launch
Categories: Payments & Commerce
Countries: India
This article is part of category

Payments & Commerce