PayU Unveils Push Provisioning Platform To Enable Seamless Card Tokenisation Between Banks & Merchants

PayU Unveils Push Provisioning Platform To Enable Seamless Card Tokenisation Between Banks & Merchants

SUMMARY

The platform allows customers to tokenise their credit and debit cards for multiple merchants and outlets directly through their bank’s portal

In the lead-up to its IPO, the company has made a slew of announcements this year — including integrating Amazon Pay Later and Blinkit into its app

PayU India posted a 11% year-on-year (YoY) jump in its revenue to $444 Mn in FY24

Days after integrating Amazon Pay Later into its app to offer instant digital credit to customers, Prosus-backed digital payments giant PayU has now rolled out a push provisioning platform to facilitate seamless card tokenisation between banks and merchants.

The newly-unveiled platform allows customers to tokenise their credit and debit cards for multiple merchants and outlets directly through their bank’s portal, eliminating the need to save card details at the individual merchant level, the company said in a statement. 

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