PhonePe Launches PG Bolt for Visa and Mastercard Transactions
PhonePe Payment Gateway (PhonePe PG) on Saturday announced the launch of ‘PhonePe PG Bolt’ for Visa and Mastercard credit and debit card transactions. The solution leverages device tokenization to offer a secure and seamless in-app checkout experience for PhonePe platform users and merchant partners. Users can tokenize their Visa or Mastercard once on the PhonePe app and then use their saved cards across any merchant integrated with PhonePe PG, eliminating the need to re-tokenize for every merchant. By replacing sensitive card details with secure tokens, the system also removes the requirement to enter CVV during subsequent transactions on the same device. This approach reduces the number of steps in the payment journey while keeping users within the merchant’s app, removing traditional redirects to external payment pages.
Simplifying Payments for Users and Merchants
Yuvraj Singh Shekhawat, Chief Business Officer of Merchant Business at PhonePe Limited, said, “The launch of PhonePe PG Bolt for Visa and Mastercard is a significant step in our journey to simplify digital payments for millions of Indians. By leveraging device tokenization, we enable users and merchants to move away from the traditional, cumbersome checkout process to a secure, one-click payment experience. This not only enhances user convenience but also empowers our merchant partners to maximize their growth through industry-best success rates and reduced drop-offs.”
Enhanced Transaction Efficiency and Integration
By using PhonePe’s native SDK, merchants can achieve higher transaction success rates and faster checkout speeds. This efficiency is driven by the elimination of manual card entry and reduced technical hand-offs between payment entities. Merchants also benefit from a customizable interface that integrates directly into their existing app flow, maintaining brand consistency while reducing transaction drop-offs.
About PhonePe Limited
PhonePe Limited (formerly PhonePe Private Limited) is a technology company that builds digital platforms for payments, digital distribution services, financial services, and marketplace solutions, serving millions of users and merchant partners across India.
(This article has been syndicated from ANI)
Also Read: 19 Minute Viral MMS And Money: How Much Money Does An ‘Explicit Viral’
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
Shree Ram Twistex IPO Allotment Date Today Investors will soon get their long-awaited answer. The…
Gerald Eddie Brown Jr., a former US Air Force fighter pilot who trained personnel on…
Stocks To Watch Toda: Indian markets may open higher tracking strong global cues and positive…
