Cashfree Token Vault vs Razorpay TokenHQ

Cashfree Token Vault replaces card details with cryptographically generated tokens, so merchants can process saved-card payments without storing card numbers on their own platforms. It supports credit, debit, prepaid and corporate cards, with Visa and Mastercard credit and debit tokenization specifically described. Standard Checkout enables saved-card tokenization automatically; Seamless Pro merchants must integrate or update APIs. Customers can choose a saved card and enter its CVV. Token provisioning requires explicit customer consent and stops if two-factor authentication fails. Merchants may retain only the last four digits, scheme and issuing bank name, and cannot retrieve a token’s underlying card number; card schemes and issuing banks can. A token reference created through Cashfree remains there, although merchants can fetch the network token for use with another payment aggregator. The service is cloud-hosted, supports network tokenization and webhooks, and offers Android, iOS, web and API platforms. Pricing is available on request.

Razorpay TokenHQ replaces card numbers with tokens so businesses can offer customers saved-card checkout. Razorpay connects businesses with card networks and issuers, either as the Token Requestor or as a connecting layer when the business already fills that role. The service works across Mastercard, RuPay, and Visa, and Razorpay says tokens can be used through other payment gateways. Standard Checkout businesses have TokenHQ enabled without integration; Custom Checkout businesses can request it on demand. API-integrated or server-to-server checkout may take 0–3 weeks of integration effort, depending on current integrations and API count. A dashboard lets businesses track and control token requests and create custom reports. Razorpay describes the APIs as suited to high traffic volumes. Saving a card or creating a token requires customer consent and an additional authentication factor. The card-to-token relationship is held in a vault owned by a card network or issuing bank; merchants may retain the last four card digits and issuer name for tracking or analytics. Pricing is on request. The service is available on Android, iOS, web, and API.