New Delhi, July 18 : The total number of tokenised payment transactions is likely to exceed 1 trillion globally by 2026, from 680 billion in 2022, a new report showed on Monday. This represents growth of 58 per cent over the next four years. The report attributed this growth to the rise of 'one-click' solutions, such as Click-to-Pay, using card-on-file tokenisation to store a customer's payment credentials; enabling them to auto-fill their checkout details and complete transactions via a single click. Tokenisation protects customers' payment credentials when stored; replacing sensitive data with token values that hold no intrinsic value. This prevents malicious actors from gaining access to payment data in the event of a data breach. The report said that the online and mobile e-commerce tokenised volume will grow by 74 per cent by 2026. This growth is driven by the increasing customer expectation of a frictionless checkout experience, which one-click solutions via tokenisation offer. "Tokenisation growth is being driven by increasing adoption of one-click solutions by merchants within eCommerce to reduce friction, and by card networks, who are encouraging mass adoption of tokenisation at the network level to improve payment approval rates," the findings showed. Growth will also be driven by benefits, including time savings for the end user by eliminating the need for customers to re-enter payment credentials when shopping online, the report mentioned. The research also identified IoT payments as offering the largest growth among the tokenisation market over the next 5 years, with tokenised IoT transactions expected to reach 19 billion by 2027, growing 400 per cent from just 3.8 billion in 2022. "Tokenisation is critical in facilitating IoT payments; enabling transactions to be made via new use cases and form factors, unlocking new revenue opportunities for payment providers," it added. /IANS