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(Last Updated On: September 21, 2020)

Google Pay has partnered up with Visa and other banking partners to push out tokenization throughout its platforms, allowing users to securely transact with their cards and also use the Tap-to-pay feature on near-field communication (NFC)-enabled point of sale (POS) terminals and online merchants. 

The feature is currently available for Axis and SBI Card users, as Kotak and other banks will most likely do the same as well very soon. With the use of tokenization, Google Pay Android users will be able to use their debit or credit card in order to make payments with the use of a secure digital token that is on the phone with the need to physically share credit or debit card information.

Business Head: Google Pay and NBU, Sajith Sivanandan said, “We are hopeful that the tokenisation feature will further encourage users to transact securely and safely in the current times, and expand merchant transactions both online and offline.” It will also work with online merchants, supplying even more native and smooth OTP experiences without it having to redirect to 3D Secure sites. 

This feature will also be working with online merchants, supplying more native and seamless OTP experiences without redirecting to 3D Secure sites. Google Pay along with tokenization will allow NFC-capable Android devices to make contactless payments at more than 2.5 million Visa merchant locations.

This lets users scan and pay over 1.5 million Bharat QR which allows sellers and customers to pay bills and recharges from their card through the Google Pay app. 

Group Country Manager, Visa, India & South Asia, TR Ramachandran, “Visa recently crossed over 1 billion token credentials globally and with Google Pay live in India, we expect these numbers to rise significantly. We are excited to partner with Google to further accelerate digital payment innovations in times to come for the Indian market and beyond.”

Users can use the tap and pay feature on their phones, and go through a one-time set up using their card details and then put in their OTP number from the bank in order to add on their card to the Google Pay app. Once the registration is done, payments can be made at the NFC-enabled terminals.

Sivanandan said, “We are already live for Axis and SBI Cardholders with Visa payments network and are working closely with Kotak and other banking partners to further expand the adoption of card-based payments with tokenization in India.”


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