Razorpay launches card tokenization solution

Fintech platform Razorpay launched the ‘Razorpay TokenHQ’ solution for businesses in India to enable their end-customers to continue experiencing the convenience of saved card transactions.

Now it is available with added security and in compliance with RBI guidelines. The ‘Razorpay TokenHQ’ will work across all major card networks including Mastercard, RuPay, and Visa, and almost the entire base of five million businesses using Razorpay’s services will be ready to support tokenized card transactions, a statement said.

It is a multi-network Card-on-File (CoF) Tokenisation solution. It will work across all major card networks including Mastercard, RuPay, and Visa.