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drishti current affairs magazine subscription Published this  Tokenisation and detokenisation (conversion of the token back to actual card details) can be performed only by o the card issuing Bank or o Visa  Mastercard  Rupay who are referred as authorised card networks More than 10 crore tokens have already been generated covering 6070% of the Indian cardholders.drishti current affairs magazine buy online  Significance of card tokenisationPayment security Tokenisation reduces the chances of fraud as it restricts the storage of sensitive card data making the payment ecosystem more robust and secure Fast and easy payments Tokenisation speeds up online payment processing and makes it easier for customers to make online transactions Eliminates the issue of data breach due to server hacking which substantially reduces the chances of cyberattacks Decreases merchant liability as the merchant no longer has to stay compliant with various regulations related to card storage. Challenges in implementationImpact on small merchants Small merchants who do not possess the necessary resources and knowhow would need to depend on payment aggregators for their integration in the new mandate drishti current affairs magazine english