New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    In a tokenization transaction, which parties or

    stakeholders are typically involved?  1. Merchant & Customer 2. Acquirer & Issuer  3. Token service provider & Requestor
    A 1 & 3 Correct Answer Incorrect Answer
    B 2 & 3 Correct Answer Incorrect Answer
    C 1 & 3 Correct Answer Incorrect Answer
    D 3 only Correct Answer Incorrect Answer
    E All the above Correct Answer Incorrect Answer

    Solution

    Normally, in a tokenised card transaction, parties / stakeholders involved are merchant, the merchant's acquirer, token service provider (card payment network or card issuer), token requestor, issuer and customer.

    Practice Next