Current Affairs Exam  >  Current Affairs Questions  >  Which body allowed tokenization of debit, cre... Start Learning for Free
Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?
  • a)
    Finance Ministry
  • b)
    Securities and Exchange Board of India (SEBI)
  • c)
    Reserve Bank of India (RBI)
  • d)
    National Payments Corporation of India (NPCI)
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which body allowed tokenization of debit, credit and prepaid card tran...
On 8th January 2019, the Reserve Bank of India has allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of the digital payments ecosystem in the country. The central bank has allowed card schemes like Visa, Mastercard and others to start issuing tokens for third party payment applications as well. “Tokenisation and de-tokenisation” shall be performed only by the authorized card network and recovery of original Permanent Account Number (PAN) should be feasible for the authorized card network only. Tokenisation acts as an additional layer of security as it masks sensitive card data such as the 16-digit Account Number, expiration date and security code.
View all questions of this test
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?a)Finance Ministryb)Securities and Exchange Board of India (SEBI)c)Reserve Bank of India (RBI)d)National Payments Corporation of India (NPCI)e)None of theseCorrect answer is option 'C'. Can you explain this answer?
Question Description
Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?a)Finance Ministryb)Securities and Exchange Board of India (SEBI)c)Reserve Bank of India (RBI)d)National Payments Corporation of India (NPCI)e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?a)Finance Ministryb)Securities and Exchange Board of India (SEBI)c)Reserve Bank of India (RBI)d)National Payments Corporation of India (NPCI)e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?a)Finance Ministryb)Securities and Exchange Board of India (SEBI)c)Reserve Bank of India (RBI)d)National Payments Corporation of India (NPCI)e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?a)Finance Ministryb)Securities and Exchange Board of India (SEBI)c)Reserve Bank of India (RBI)d)National Payments Corporation of India (NPCI)e)None of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?a)Finance Ministryb)Securities and Exchange Board of India (SEBI)c)Reserve Bank of India (RBI)d)National Payments Corporation of India (NPCI)e)None of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?a)Finance Ministryb)Securities and Exchange Board of India (SEBI)c)Reserve Bank of India (RBI)d)National Payments Corporation of India (NPCI)e)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?a)Finance Ministryb)Securities and Exchange Board of India (SEBI)c)Reserve Bank of India (RBI)d)National Payments Corporation of India (NPCI)e)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?a)Finance Ministryb)Securities and Exchange Board of India (SEBI)c)Reserve Bank of India (RBI)d)National Payments Corporation of India (NPCI)e)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which body allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments ecosystem in India, on 8th January 2019?a)Finance Ministryb)Securities and Exchange Board of India (SEBI)c)Reserve Bank of India (RBI)d)National Payments Corporation of India (NPCI)e)None of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev