A METHOD AND SYSTEM FOR SELECTION OF PAYMENT CARDS FOR TRANSACTIONS AFTER PRE-STIPULATED TIME PERIODS

The present disclosure relates to a method and system for providing selection of payment cards for transactions after pre-stipulated time periods. The method includes generating a universal token for a consumer, such that the universal token is mapped to the consumer’s payment cards. Thereafter, the universal token is utilised for a transaction. In order for the transaction to be authorised, the universal token is authorised by issuing agencies. At an end of the pre-stipulated time period, the consumer may pay for purchases by choosing a payment card from a plurality of payment cards for each transaction made using the universal token. The transaction is ultimately cleared after the pre-stipulated time period using the payment card chosen by the consumer