The company, Unlimit, has secured Token Service Provider certifications from both Mastercard and Visa in India.
With these certifications, customers can now enjoy the benefits of tokenisation services that store their card details as safe and encrypted tokens for specific retailers. This enhances transaction security while providing a smoother payment experience.
The Token Service Provider certification is essential for third-party companies to handle network tokens on behalf of issuers. Each network-specific certification ensures that providers meet stringent security standards, enabling digital payments across various channels.
Enhancing Checkout Performance
In addition to the Token Service Provider certifications, Unlimit is working towards improving checkout performance by integrating with Visa and Mastercard networks. This integration aims to benefit retailers and merchants with a smoother payment process, lower cart abandonment rates, and enhanced security measures—all crucial for boosting conversion rates.
As digital payments are anticipated to surpass 130 billion transactions by the end of 2025, Unlimit’s expansion into tokenisation solutions positions it well in this fast-growing market. The company’s existing offerings, such as Unified Payments Interface (UPI), wallets, net banking, and card payments including RuPay, align with its commitment to modern payment infrastructure.
Obtaining certifications from Mastercard and Visa is pivotal for Unlimit’s growth strategy in India. These recognitions not only validate the company’s features but also ensure its ability to offer secure and user-friendly payment solutions. The integration with these card networks ensures that merchants can provide a secure and efficient payment experience to their customers.
Commitment to Modern Payment Infrastructure
The Token Service Provider certification underscores Unlimit’s dedication to providing cutting-edge payment solutions across both emerging and established markets. This effort is part of the company’s ongoing expansion, showcasing its capability to handle complex regulatory environments while delivering advanced payment solutions.
