News Post

Mastercard Rolls Out Tokenisation Platform For Banks In India

Inc42

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Mastercard has launched the MDES Token Connect platform in India, allowing users to tokenize their cards through internet and mobile banking. The platform enables card-on-file (CoF) and device-based tokenization for debit and credit cards. It offers a single integration for issuer banks and eliminates the need for multiple proprietary APIs, increasing security and accessibility for cardholders. This development comes after the Reserve Bank of India expanded the scope of card tokenization for online and mobile banking two months ago. Since then, India has issued approximately 560 million card tokens.

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