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NPCI introduces CVV-less payments for Tokenized Cards

Published on May 22, 2023
Current Context: NPCI (National Payments Corporation of India) has announced a new feature for RuPay cardholders that allows them to make online payments without entering the CVV (Card Verification Value) if they have tokenized their debit, credit or prepaid cards on the merchant application or webpage.
NPCI introduces CVV-less payments for Tokenized Cards
  • Tokenization is a technology that improves card transaction security by replacing the actual card details with an alternate code called the “token”.
  • This protects the card details of the customer from cyber frauds as real details are not saved with the merchant.
  • This new feature is meant to make the payment experience more convenient and seamless for the customers, as they do not have to reach out to their wallet or remember any card details for subsequent transactions. They only need to enter the OTP (one-time password) to complete the payment.
  • The Reserve Bank of India (RBI) had made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens.


Q.1 What is the name of the Indian payment network developed by NPCI?
a. RuPay
b. Paytm
c. UPI
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