Nice video sir. You made a bit of a mistake on encryption and tokenization though - encryption is used in transit and at rest, tokenization is another layer of security for payment gateway services to use to prevent the storage of credit card information all over the systems, which means way less in-scope systems - which is great!
Thank you for the comment. Yes, encryption is typically used both in transit and at rest to secure data, and tokenization adds an extra layer of protection, especially in payment systems. By replacing credit card data with tokens, businesses reduce the risk of exposing sensitive info and also minimize the number of systems that fall under compliance scopes like PCI DSS. The great thing about tokenization is that even if a system is compromised, the attacker only gets a token, which is useless without access to the tokenization service. It’s a win-win for security and compliance!
Razonpay, CCAvenue. PayTM and PhonePe are digital wallets, but also provide Payment Gateway. I may provide a more detailed video on their inner workings in future, let me know.
My advice is, don't bother :). There is a reason Stripe, etc are so successful, as that is their core expertise and product. You should never attempt to build something unless this is your core domain expertise. If you still want to make a payments gateway with a good USP, then you'll need millions of VC funding to get the right hires to do it properly.
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Nice video sir. You made a bit of a mistake on encryption and tokenization though - encryption is used in transit and at rest, tokenization is another layer of security for payment gateway services to use to prevent the storage of credit card information all over the systems, which means way less in-scope systems - which is great!
Thank you for the comment. Yes, encryption is typically used both in transit and at rest to secure data, and tokenization adds an extra layer of protection, especially in payment systems. By replacing credit card data with tokens, businesses reduce the risk of exposing sensitive info and also minimize the number of systems that fall under compliance scopes like PCI DSS.
The great thing about tokenization is that even if a system is compromised, the attacker only gets a token, which is useless without access to the tokenization service. It’s a win-win for security and compliance!
This is an excellent video. Excellent!
Thanks so much!
Wow. What an explanation ❤🎉
Thank you 👍😊
Appreciate your efforts and thank you for the easy and detailed explanation.
Thank you very much, sir.
Video was very smooth.
Execellent video 🥰 would you please shar one thing, which software do you use for this explainer or animation?
Do you provide course ?
Please make a detailed video about how zelle network works and how it's different from upi
Is the video available for the payment processor you built from scratch
I need a payment gateway. If you can provide tell me how can we talk further
Can you please give examples of companies dealing in Payment Gateway and Payment Processing in India?
An example would help to understand better.
Razonpay, CCAvenue.
PayTM and PhonePe are digital wallets, but also provide Payment Gateway.
I may provide a more detailed video on their inner workings in future, let me know.
I can cash out bank cards and gift cards
useful！！！
Tokenization???
cool... now How Can I Build One Myself?
So, that's when it comes to the system design, and requirements, and many other things to keep in mind.
My advice is, don't bother :). There is a reason Stripe, etc are so successful, as that is their core expertise and product. You should never attempt to build something unless this is your core domain expertise. If you still want to make a payments gateway with a good USP, then you'll need millions of VC funding to get the right hires to do it properly.