There is ambiguity over what is called BNPL: Juspay Technologies CEO

'The impact of tokenisation extends to the entire payment ecosystem', said Vimal Kumar

Juspay Technologies is a leader in the card-tokenisation space, and is also the first certified token-requestor in India. It recently raised $50 million in Series C funding from SoftBank Vision Fund, and $10 million from existing investors VEF and Wellington Management. Vimal Kumar, the firm’s founder and chief executive officer, spoke to Raghu Mohan. Edited excerpts:

What has been your role in the tokenisation of cards so far?

A card or token is basically a key to your bank account. It’s always good to create multiple keys, or “decentralised credentials”, like use-case-based, or merchant-specific keys. We had 100-250 million cards to be