Current Affairs · Banking and Finance
The RBI's push for Tokenization for card-on-file data is a measure intended to address which major vulnerability in the current payment ecosystem, in line with the goal of strengthening the security dimension of banking technology?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The inability to monitor real-time suspicious activity without AI integration.
- 2The lack of interoperability between different card networks (Visa, Mastercard, RuPay).
- 3The vulnerability of static Primary Account Number (PAN) data being stored by multiple merchants.✓
- 4The risk of fraud from Contactless Card transactions exceeding the permissible limit.
Correct answer
The vulnerability of static Primary Account Number (PAN) data being stored by multiple merchants.
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