Fintech

Card Tokenization in India: Two Years In, Here Is the Reality

RBI's tokenization mandate was meant to make card payments safer. Here's what changed for consumers and merchants in practice.

Creget Research 12 Mar 2026 4 min read

What Tokenization Does

Card tokenization replaces your 16-digit card number with a unique device-specific or merchant-specific token when you save a card for future payments. This means merchants and payment platforms no longer store your actual card number — significantly reducing the risk of card data breaches.

The User Experience Impact

When you save a card on Swiggy, Amazon, or Zomato, you are likely already saving a token. If a breach occurs at these platforms, your actual card details are safe. The token is useless outside the specific merchant-device combination for which it was issued.

What You Should Do

Most consumers don't need to do anything — tokenization happens automatically when you save a card on a compliant merchant's platform. However, periodically review saved cards in your payment apps and delete ones you no longer use. Reducing your token footprint is good digital hygiene.

tokenizationcredit cardRBIcard security

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