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NPCI Launched NTS Platform

Published on October 23, 2021
Current Context: The National Payments Corporation of India (NPCI) has launched NPCI Tokenization System (NTS) platform.
NPCI Launched NTS Platform
  • The NTS platform will support the tokenization of cards.
  • It will be an alternative to storing card details with merchants.
  • It will support the tokenization of RuPay cards in order to grant safety and security to the users during shopping.
  • Under this platform, NPCI will offer Token Reference On File (TROF) service. This service will maintain the security of financial data. The card details will remain safe at the RuPay Network Secure vault.
  • The merchants are supposed to meet the tokenization by 1st Jan 2022.
  • The platform was launched by following RBI’s decision to maintain sensitive customer information in an encrypted ‘token’ form. This will help to secure transaction details.
  • Static Part: 
    • HQ of NPCI: Mumbai
    • MD and CEO of NPCI: Dilip Asbe

Question: 

Q.1 ___ has launched the NTS platform to support tokenization of cards?
a. IRDA
b. RBI
c. NPCI
d. PFRDA
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