Podcast
Questions and Answers
Which of the following is NOT a benefit of tokenization in the context of online transactions?
Which of the following is NOT a benefit of tokenization in the context of online transactions?
- Reduces the risk of storing sensitive data online
- Eliminates the need to enter account details multiple times
- Enables merchants to store customers' complete card details securely (correct)
- Provides a higher level of encryption for account details
Which of the following statements about tokenization is true?
Which of the following statements about tokenization is true?
- Tokens are generated and managed by the card-issuing banks
- Each token is unique to a specific card and merchant combination (correct)
- Tokenization eliminates the need for CVV and OTP during transactions
- A single token can be used across multiple merchants for the same card
How does tokenization contribute to financial inclusion in India?
How does tokenization contribute to financial inclusion in India?
- It provides a secure and convenient way for customers to make online transactions (correct)
- It facilitates the distribution of government subsidies and welfare benefits
- It simplifies the process of opening bank accounts for underbanked communities
- It enables unbanked populations to access financial services through digital wallets
Which of the following statements best describes the impact of fintech on the Indian financial services sector?
Which of the following statements best describes the impact of fintech on the Indian financial services sector?
How can tokenization contribute to cost reduction for financial service providers?
How can tokenization contribute to cost reduction for financial service providers?
Which of the following statements about tokenization is FALSE?
Which of the following statements about tokenization is FALSE?
How can tokenization enhance the speed and efficiency of online transactions?
How can tokenization enhance the speed and efficiency of online transactions?
Which aspect of tokenization contributes to personalized customer service in the financial services sector?
Which aspect of tokenization contributes to personalized customer service in the financial services sector?
Which of the following statements about tokenization and fintech in India is TRUE?
Which of the following statements about tokenization and fintech in India is TRUE?
How can tokenization contribute to the enhancement of personalized customer service in the financial services sector?
How can tokenization contribute to the enhancement of personalized customer service in the financial services sector?
