After the arrival of the information revolution, revolutionary changes have taken place in various fields. The banking sector was also not left untouched by this. With the advent of the information revolution, transactions in the banking sector have become faster, easier, and more convenient than before. There was a time when we had to visit banks to complete transaction-related work. Now we can easily avail banking services sitting at home with the help of a smartphone. In today's era of digitalization, the use of credit cards has also increased rapidly. It is worth noting that parallel to this, there has also been a huge increase in the cases of online fraud. In such a situation, there is a high risk of our credit card details being stolen. Given this problem, the option of a virtual credit card has also come before the people.
If you do not know about virtual credit cards. In such a situation, this news is especially for you. Today through this news we will tell you what a is Virtual Credit Card and what are its benefits. Going to tell you about that. Let us know -
The purpose of introducing virtual credit cards is to make online shopping safer. Virtual credit card also works exactly like a credit card but it is a digital version of the credit card. There is no hard copy of a virtual credit card. It exists in the digital world.
Like credit cards, virtual credit cards also have numbers, CVV, and expiry dates. It is digitally linked to the credit or debit card. In such a situation, there is no possibility of data leakage while using a virtual credit card. You get many additional layers of security in virtual credit cards.
When you make online payments while shopping. At that time you have to enter the virtual card data. In this way, you can make payments easily. During online shopping, you can get a temporary virtual card with the help of mobile or internet banking.
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