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Infibeam's CCAvenue brings TokenPay for RBI-compliant 'saved card transactions'
Published by 5 Paisa Capital | 04th November, 2021
Infibeam Avenues Ltd's digital payments platform, CCAvenue has launched an interoperable solution TokenPay for businesses / merchants to comply with Reserve Bank of India's (RBI) data security norms. As the saved cards transactions are taking a hit, due to RBI directive prohibiting merchants, businesses, payment aggregators, and acquiring banks from storing customers credit / debit / prepaid card information, IALs CCAvenue has developed a multi-network tokenisation solution to work across all major card networks.