PhonePe PG Bolt Secures Visa, Mastercard Payments with Device Tokenization
Technology
C
CNBC TV18•10-01-2026, 17:20
PhonePe PG Bolt Secures Visa, Mastercard Payments with Device Tokenization
- •PhonePe Payment Gateway launched 'PhonePe PG Bolt' for secure Visa and Mastercard credit/debit card transactions.
- •The solution uses device tokenization for a secure, efficient in-app checkout experience for users and merchants.
- •Users can tokenize Visa and Mastercard once on the PhonePe app, enabling one-click payments across integrated merchants.
- •Sensitive card details are replaced with secure tokens, eliminating CVV entry for subsequent transactions on the same device.
- •The feature reduces payment steps, maintains users within the merchant's app, and improves transaction success rates.
Why It Matters: PhonePe PG Bolt enhances payment security and convenience for Visa/Mastercard users and merchants via tokenization.
✦
More like this
Loading more articles...
