Module: General Practice
Q40: What is the primary function of Card-on-File Tokenisation (CoFT), as introduced by the Reserve Bank of India in 2021?
✅ Correct Answer: A
Card-on-file tokenisation (CoFT) was introduced by the RBI to enhance security.
Its primary function is to replace the actual card details with a unique alternate code called a 'token', preventing the storage of sensitive data.
This security measure is praised in the RBI's Payment Systems Report - June 2025.
Its primary function is to replace the actual card details with a unique alternate code called a 'token', preventing the storage of sensitive data.
This security measure is praised in the RBI's Payment Systems Report - June 2025.