Ravi Datla at Mastercard said, "I don't foresee any major challenges. Mastercard has already created over 110 million tokens in India. Adoption is at a fairly significant scale."
"All the merchants are already processing transactions using tokens, and they're seeing better success rates compared to the earlier methods. So, from merchants’ point of view as well, this is taking place at a sizable scale," he added.
"Cardholders have started witnessing the benefit. There will still be a few online merchants who are doing some fixes at their respective end. From a broader perspective, there is full readiness in the entire ecosystem," he affirmed.