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<ul><li>Google announced that its bringing tokenisation of credit and debit cards to Google Pay during their annual event, <keyword id="8120597" type="UNKNOWN" weightage="20" keywordseo="google-for-india-2019">Google for India 2019</keyword>. </li><li>This will allow users to mask their real card numbers when making payments to third party merchants using Google Pay. </li><li>Tokenisation shares a random token number rather than the actual number of the card to conduct the transaction. </li></ul>Google Pay’s is finally bringing its tokenisation system to India — a feature which allows you to mask your real debit and credit card numbers before making a payment. It was launched in India four years after it was available worldwide. Yet, Caesar Sengupta, Google’s General Manager and Vice President of Payments and Next Billion Users stated, “India is setting the global standard on how to digitise payments,” during the <a href="https://www.businessinsider.in/google-for-india-2019-everything-you-need-to-know/articleshow/71199981.cms">Google for India 2019</a>. Tokenisation allows users to hide their card numbers by issuing a digital token bound their devices, to make a transaction. Once the transaction is complete, the token ceases to exist. It’s a lot like exchanging money for tokens at a casino, according to <a href="https://www.advantio.com/blog/mobile-payments-with-digital-wallets-and-tokenization-how-google-pay-apple-pay-and-samsung-pay-protect-your-card-details">Advantio</a> — a cyber security research organisation. A visitor is the only person who can exchange their money for tokens and vice versa. Should someone else try and use that token — they would not be able to at another casino. Advantio calls this ‘devaluation’ since it deters crime and limits the thief’s field of action. How does tokenisation work? There are two ways in which tokenisation works. One, is the tap and pay method. Users just have to tap their phones against a Bharat QR or near field connectivity (NFC) terminal to make a payment. If the transaction in under ₹2,000, there’s no need to input their PIN number. In order for this to work, the user’s smartphone needs to be NFC-capable. Even for online transactions, tokenised cards can be used to make payments without disclosing the user’s card number to the vendor or merchant through Google Pay. Only the randomised card number is shared. Each token is unique to the card number that it represents. The randomisation of numbers happens on the user’s mobile device itself, which has an encryption key in memory, that is used to generate and decrypt limited-use and single-use keys. According to Google, this makes the process more secure by adding a layer of security. The feature will initially roll out for VISA cards with HDFC Bank, Axis Bank, Kotak, Standard Chartered, and the State Bank of India (SBI). Later this year, Google will add more banks, RuPay and MasterCard to the process. See also: <a href="https://www.businessinsider.in/google-for-india-2019-everything-you-need-to-know/articleshow/71199981.cms">Google is adapting its technology for India and its many languages</a> <a href="https://www.businessinsider.in/how-to-use-google-pay-for-business-and-google-spot/articleshow/71200402.cms">Google Pay for Business and Google Spot launched to digitise small business owners</a> <a href="https://www.businessinsider.in/google-for-india-2019-google-assistant-for-2g-users-and-multiple-indic-languages/articleshow/71200745.cms">Data starved Indians in remote areas can now call the Google Assistant hotline</a>

Google Pay’s new tokenisation will mask your real debit and credit card numbers before making payments

<keyword id="2750705" type="PERSON" weightage="20" keywordseo="Google-Pay">Google Pay</keyword> in collaboration with Visa and banking partners on Monday rolled out tokenisation across its platform, enabling users to safely transact with their cards and use Tap-to-pay feature on near-field communication (NFC)-enabled point of sale (POS) terminals and online merchants. The feature is now available to users of Axis and SBI Card, with Kotak and more banks expected to follow suit very soon. With tokenisation, Google Pay <keyword id="6355645" type="UNKNOWN" weightage="20" keywordseo="Android">Android</keyword> users can use their debit or credit card to make payments through a secure digital token attached to their phone without having to physically share their credit or debit card details. "We are hopeful that the tokenisation feature will further encourage users to transact securely and safely in the current times, and expand merchant transactions both online and offline," said Sajith Sivanandan, Business Head: Google Pay and NBU-India. The feature also works with online merchants, delivering more native and seamless OTP experiences without any redirects to 3D Secure sites. With tokenisation, Google Pay will enable NFC-capable Android devices to make contactless payments at over 2.5 million Visa merchant locations. It will allow users to scan and pay at more than 1.5 million Bharat QR enabled merchants and the customers can pay bills and recharges from within their Google Pay app using their card. "Visa recently crossed over 1 billion token credentials globally and with Google Pay live in India, we expect these numbers to rise significantly. We are excited to partner with Google to further accelerate digital payment innovations in times to come for the Indian market and beyond," said TR Ramachandran, Group Country Manager, Visa, India &amp; South Asia. To enable the tap and pay feature using the smartphone phone, users will have to do a one-time set up by entering their card details and follow it by entering the OTP they get from the bank to add their card to the Google Pay app. After the registration, the feature can be used to make payments at NFC-enabled terminals, the company said. "We are already live for Axis and SBI Card holders with Visa payments network and are working closely with Kotak and other banking partners to further expand the adoption of card-based payments with tokenisation in India," Sivanandan added. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/top-ten-phishing-examples-and-tricks-used-by-companies-to-test-their-employees-cybersecurity-smarts/slidelist/78228072.cms">Top ten phishing tricks that companies are using to test their employees’ cybersecurity smarts</a> <a href="https://www.businessinsider.in/stock-market/markets/news/indian-tech-companies-hcl-tech-wipro-infosys-tcs-share-price-are-green-today/articleshow/78228700.cms">It’s not just the DWS deal, Morgan Stanley's outlook has painted HCL Tech green⁠ — along with TCS, Infosys and Wipro</a> <a href="https://www.businessinsider.in/tech/apps/news/google-hits-back-at-paytm-reiterates-that-repeated-policy-violations-will-lead-to-stricter-actions/articleshow/78229677.cms">Google hits back at Paytm ⁠— reiterates that ‘repeated policy violations’ will lead to stricter actions</a>

Google Pay partners with Visa bringing tap-to-pay for Indian users

<keyword id="6355629" type="DEFINITION" weightage="20" keywordseo="google">Google</keyword> on Friday denied the claims made in certain media reports that its <keyword id="2750705" type="PERSON" weightage="20" keywordseo="Google-Pay">Google Pay</keyword> app is sharing Indian customers' transaction data with third parties. Citing an affidavit filed before a bench of Chief Justice D.N. Patel and Justice Prateek Jalan in Delhi High Court, a section of the media said that Google has told the court that it is allowed to share customers transaction data with third parties with the prior permission of the National Payments Corporation of India (NPCI) and payment service providing (PSP) banks. The affidavit was filed in response to a public interest litigation (PIL) seeking action against Google Pay for allegedly violating the Reserve Bank of India (RBI) guidelines related to data storage and sharing. "This is to clarify that press reports on the basis of the affidavit filed by Google before the Delhi High Court, do not represent the complete facts," a Google spokesperson said in a statement. "We would like to put it on record that Google Pay is in full compliance with Unified Payment Interface (<keyword id="6358921" type="COMPANY" weightage="20" keywordseo="upi">UPI</keyword>) procedural guidelines, issued by the National Payments Corporation of India (NPCI) and the applicable laws and does not share customer transaction data with any third party outside the payments flow," the company spokesperson added. The high court has listed the matter for hearing on November 10. Earlier this week, Google Pay in collaboration with <keyword id="6359421" type="COMPANY" weightage="20" keywordseo="visa">Visa</keyword> and banking partners rolled out tokenisation across its platform, enabling users to safely transact with their cards and use Tap-to-pay feature on near-field communication (NFC)-enabled point of sale (POS) terminals and online merchants. The feature is now available to users of Axis and SBI Card, with Kotak and more banks expected to follow suit very soon. With tokenisation, Google Pay Android users can use their debit or credit card to make payments through a secure digital token attached to their phone without having to physically share their credit or debit card details. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/bharat-bandh-farmer-unions-begin-their-nationwide-strike-delhi-police-on-high-alert/articleshow/78308504.cms">Bharat Bandh: Farmer unions begin their nationwide strike — Delhi Police on high alert</a>

Google Pay doesn't share Indian customer's transaction data with third parties, says Google

<ul><li>Google announced a new Google Pay feature, Jobs, to help users find <keyword id="2093247" type="UNKNOWN" weightage="20" keywordseo="Entry-level-jobs">entry level jobs</keyword> in the country during its annual event, <keyword id="8120597" type="UNKNOWN" weightage="20" keywordseo="google-for-india-2019">Google for India 2019</keyword>. </li><li>The Jobs spot on Google Pay will find job opportunities based on user profiles and also supplement training modules to help prepare for interviews. </li><li>The service will initially roll out in Delhi NCR followed by the rest of the country in the coming months. </li></ul>Google’s annual event, <a href="https://www.businessinsider.in/google-for-india-2019-everything-you-need-to-know/articleshow/71199981.cms">Google for India 2019</a>, had a lot of announcements around Google Pay. Most of them had to do with facilitating online digital payments but one — Jobs. Some of the other highlights were the launch of <a href="https://www.businessinsider.in/how-to-use-google-pay-for-business-and-google-spot/articleshow/71200402.cms">Google Pay for Business</a>, <a href="https://www.businessinsider.in/how-to-use-google-pay-for-business-and-google-spot/articleshow/71200402.cms">Google Spot </a>to help small businesses set up store fronts online, and even the <a href="https://www.businessinsider.in/google-pay-new-tokenisation-feature-explained/articleshow/71203148.cms">tokenisation of transactions</a> to make payments more secure. Jobs will be available as a spot on Google Pay. Google already introduced Job Search as a part of Google Search last year. Job Search collates posting for several partners and thousands of organisations to Google’s API. But, they are largely white collar jobs. "Entry level jobs in industries like retail, hospitality, and on-demand is very different and largely unmet," stated Caesar Sengupta, Google’s General Manager and Vice President of Payments and Next Billion Users during Google for India 2019. Aiming at entry level jobs Unemployment is a persistent problem in India. "Right now, a lot of hiring in these sectors is via offline channels like personal referrals, walk in centers, paper applications and so forth. This makes the process super disorganised," said Sengupta. "Many young seekers are unsure how to enter the workforce — from building a CV to finding an appropriate job and gaining the relevant skills they need," Sengupta added. The Jobs spot will use AI and machine learning (ML) to customise the kind of job options that show up for users, depending on their skill set and requirements. Over time, the results will get even more personalised. It will also supplement job opportunities with training modules that can help users prepare for their interview. Google currently has 25 early partners and will initially launch in Delhi-NCR before expanding to the rest of the country. The company has already been working on skilling India’s workforce. Google Digital Unlocked programme for small business owners has reached out to 400,000 people, according to the company. Google also claims to have invested in training two million developers in the country and sponsored over 100,000 scholarships across multiple technologies like virtual reality and augmented reality. "Skilling is one part of the job solution. Connecting people to job opportunities is another," explained Sengupta. See also: <a href="https://www.businessinsider.in/google-for-india-2019-everything-you-need-to-know/articleshow/71199981.cms">Google is adapting its technology for India and its many languages</a> <a href="https://www.businessinsider.in/how-to-use-google-pay-for-business-and-google-spot/articleshow/71200402.cms">Google Pay for Business and Google Spot launched to digitise small business owners</a> <a href="https://www.businessinsider.in/google-for-india-2019-google-assistant-for-2g-users-and-multiple-indic-languages/articleshow/71200745.cms">Data starved Indians in remote areas can now call the Google Assistant hotline</a>

Google will now focus on bringing in entry level job opportunities for India

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>Good morning! Unlike yesterday, it's a rainy day in London. Here's the tech news you need to know today.1. <a href="http://www.businessinsider.com/pebble-time-raises-1-million-in-44-minutes-on-kickstarter-2015-2">Pebble's new smartwatch raised over $5 million in less than five hours.</a> It used a Kickstarter campaign to raise funds and reached its target in just 17 minutes.2. <a href="http://www.businessinsider.com/hp-reports-earnings-2015-2">HP stock was down 7% after reporting its latest earnings.</a> It beat on EPS but missed on revenue.3. <a href="http://www.businessinsider.com/valve-is-making-a-virtual-reality-headset-2015-2">Valve is going to reveal its virtual reality headset next week.</a> The video game company has been developing a headset to rival the Oculus Rift.4. <a href="http://uk.businessinsider.com/r-apple-to-pay-533-million-for-patent-infringement-2015-2?r=US">Apple has been ordered to pay $533 million for patent infringement.</a> The case was over functionality found in iTunes.5. <a href="http://www.businessinsider.com/google-banning-porn-on-blogger-2015-2">Google is banning porn on its Blogger service.</a> It previously stopped users from earning money from porn blogs, but now it's banned completely.6.<a href="http://www.businessinsider.com/apple-acquires-music-plug-in-maker-camel-audio-london-2015-2"> Apple acquired London music software company Camel Audio.</a> The company had gone quiet in 2015, and people were wondering why.7. <a href="http://www.businessinsider.com/apple-pay-to-come-to-europe-after-visa-launches-tokenisation-2015-2">Visa has paved the way for Apple Pay to launch in Europe.</a> It has introduced tokenisation, which is a technology that Apple requires for its mobile payment service.8. <a href="http://uk.businessinsider.com/tim-cook-in-germany-2015-2?r=US">Apple CEO Tim Cook is in Germany.</a> He has visited a glass factory, as well as the head office of the BILD newspaper.9.<a href="http://www.businessinsider.com/apple-itunes-radio-music-streaming-rumours-2015-2"> Apple could relaunch iTunes with a focus on streaming music, rather than downloads.</a> We spoke to a source who is aware of conversations between Apple and musicians.10. <a href="http://uk.businessinsider.com/apple-patent-for-interactive-application-sharing-lets-iphone-ipad-users-collaborate-on-same-app-in-real-time-2015-2?r=US">Apple has won a patent that could allow people to collaborate within one app from multiple devices.</a> You could send your screen from one device to another. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/apple-watch-paris-smartwatch-tim-cook-iphone-2014-9">Apple Crashed A Paris Fashion Show To Promote Its Smartwatch</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="BkdWhzcDob6xfNOSe0oVqkMLgDUyBfGM" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

10 things in tech you need to know today

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>British mobile wallet startup Yoyo has closed a $10 million Series A funding round and is now eyeing the US as part of its "global ambitions," co-founder Alain Falys told Business Insider.Launched at the start of 2014, Yoyo is one of an increasingly crowded field of mobile apps that lets users pay for goods with their smartphones. It distinguishes itself with its narrow focus - university campuses - and its ability to offer deals to its customers and marketing data to retailers.Over the last year or so, Yoyo has seen strong growth and currently processes 150,000 monthly transactions. This makes it the second-largest mobile wallet in Britain, the co-founders say - second only to Starbucks' own app.Like Starbucks' app, it processes payments using QR codes: The user preloads money onto the wallet, and then at the point of sale, a unique QR code is generated for each transaction. The retailer then scans the code to receive the payment. This doesn't require proprietary technology, just a 2D barcode-scanner - already found in around 50% of retailers.First launched at Imperial College London, Yoyo has now spread to 15 other British universities as part of its focus on "closed environments" and is the process of expanding further. (<a href="http://www.cityam.com/1417140113/exclusive-london-startup-yoyo-mobile-payments-app-deal-airasia">A partnership with AirAsia for in-flights payments is another example of one of these "closed environments."</a>) It is growing 25% month-on-month.<div class="KonaFilter image-container display-table float_left"><div><div class="image"></div></div></div>At universities where the app has rolled out, it can account for between 25 and 50% of all transactions on campus. For reference, contactless payments hover far lower, around 5 to 8%. And Yoyo's customers are sticking around: The founders claim a "stickiness" rate of around 80%, and they say Yoyo users spend more than non-users per transaction on average.The benefit of using Yoyo (besides the nominal convenience) is rewards - again, like Starbucks' app, users can accrue points from retailers, which can then be redeemed for offers or shared. And on the retailer side, there's access to a swathe of purchasing data, letting them track and target customers more effectively.<a href="http://techcrunch.com/2013/09/10/yoyo-raises-1-2m-to-launch-new-kind-of-mobile-payment-and-loyalty-platform/">A $1.2 million seed round in 2013 was led by Imperial College-affiliated Imperial Innovations</a> - and the organisation returns again to lead the $10 million Series A. Other investors include a number of figures from London's FinTech Innovation Lab scene, including Taavet Hinrikus, cofounder of money transfer platform TransferWise, the founders of Money20/20, Philip Riese, former President of American Express Consumer Cards, and former TeleCity Group CEO Michael Tobin.Hinrikus in particular has also been a recent beneficiary of VC money, <a href="http://uk.businessinsider.com/transferwise-58-million-andreessen-horowitz-2015-1">with a $58 million funding round earlier this year led by Andreessen Horowitz valuing TransferWise at a rumoured $1 billion</a>. It's part of a wave of Silicon Valley investor cash pouring into London, <a href="http://uk.businessinsider.com/transferwise-1-billion-fintech-revolution-banks-2015-1">targeting FinTech startups at the expense of the established banks</a>.<div class="KonaFilter image-container display-table float_right"><div><div class="image"></div></div></div>With a fresh $10 million in the bank, Yoyo cofounders Michael Rolph and Alain Falys say they are doubling down on their engineering and product, expanding the company's 25-strong workforce. They are also planning international expansion, hoping to launch in five US colleges (they won't yet say where) before the end of the year. The funds provide a 24-month runway to consolidate Yoyo's position and make these "global ambitions" a reality, Falys says.As a university-based payment app with a focus on rewards, comparisons with the infamous Clinkle are perhaps inevitable. <a href="http://www.businessinsider.com/lucas-duplan-raises-25-million-seed-round-for-clinkle-2013-6?IR=T">After massive hype and a record-breaking $25 million seed round</a>, the app succumbed to a quagmire of developmental difficulties and has become a cautionary tale of over promising and under delivering.Rolph says the lessons are clear: "Don't raise too much without a clear vision." He points to the Yoyo team's background in FinTech as evidence they have what it takes. (Rolph has previously worked with money transfer service Azimo and Seedcamp, and Falys has been a Visa exec. Other employees' backgrounds include PayPal and Mastercard.)A more serious threat to Yoyo is the ambitions of Apple and Google. Both mobile giants are working on their own mobile wallets - Apple Pay and Google Wallet respectively. <a href="http://thenextweb.com/apple/2015/02/24/visa-announces-credit-card-tech-that-could-speed-up-apple-pays-arrival-in-europe/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+TheNextWeb+%28The+Next+Web+All+Stories%29">Visa recently announced plans to introduce "tokenisation" technology in Europe</a>, one of the last hurdles to the roll-out of Apple Pay on the continent.Yoyo hopes its rewards, combined with the valuable consumer data it can provide to retailers, will help to set it apart from Google and Apple's offerings. Whether the consumers themselves will think it's worth it remains to be seen. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/order-wine-expensive-restaurant-2014-9">Here's How To Order Wine In A Restaurant Without Paying Through The Nose</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="4zamFkcDrK5AIeYom4innxVbMycsokgp" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

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Google Pay’s new tokenisation will mask your real debit and credit card numbers before making payments

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Google Pay partners with Visa bringing tap-to-pay for Indian users

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Google Pay doesn't share Indian customer's transaction data with third parties, says Google

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Google will now focus on bringing in entry level job opportunities for India

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10 things in tech you need to know today

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Mobile wallet app Yoyo eyes US expansion after a fresh $10 million of funding in the bank

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