It’s the process of replacing sensitive data, with randomly selected and unique symbols, called tokens that have no meaningful value. The purpose of tokenization in electronic payments is to protect from data breaches and secure the sensitive debit and credit card data.
How many times have you wondered if your card details are secure when making payments online? 💳 Definitely many!
Thanks to tokenization, both contactless POS transactions and online payments are completed with maximum security, without transferring the actual data of your card.
