Source: BL
Context:
PhonePe Payment Gateway has launched ‘PhonePe PG Bolt’, a new solution to simplify Visa and Mastercard credit and debit card payments through a faster and more secure in-app checkout process.
What is PhonePe PG Bolt?
- A card payment solution for merchants using PhonePe Payment Gateway.
- Supports Visa and Mastercard cards.
- Uses device tokenization to enhance security and speed.
Key Features
- One-time tokenization of Visa/Mastercard cards on the PhonePe app.
- Tokenised cards can be used across all merchants integrated with PhonePe PG.
- Eliminates the need to:
- Re-tokenize cards for each merchant
- Enter CVV for repeat transactions on the same device
- Enables a one-click, in-app checkout experience.
- Removes redirects to external payment pages, keeping users within the merchant app.
