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The need for tokenization is growing rapidly as new channels and new forms of payment tool continue to proliferate at dizzying speeds.


  • The latest developments in tokenization for transactions in transit, so-called network tokenization, has implications that extend far beyond just security and will likely prove the cornerstone of emerging digital payment ecosystems.

Features and Benefits

  • Outlines how tokenization is evolving and what this means for your organization.
  • Assesses how network tokenization is upending the economics of mobile payments, and what this means for service evolution.

Key questions answered

  • What is tokenization? Is it new? How does tokenization work for data in transit?
  • What are the long term implications of tokenization? What does it mean beyond just security?

Table of contents


  • Catalyst
  • Ovum view
  • Key messages


  • Recommendations for enterprises
  • Recommendations for vendors

Market context

  • Tokenization increases the security of CNP without adding frictions to the payment experience
  • Awareness remains low but appetite is growing for tokenization technologies

Business focus

  • Tokenization is more than security – it enables an ecosystem
  • Tokenization enables future proofing for the Internet of Things
  • Tokenization affects all of the payments value chain

Technology focus

  • Tokenization must fit into the existing payments value chain
  • Standardization is an ongoing process


  • Methodology
  • Further reading
  • Author

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