PhonePe Launches ‘Bolt’ to Streamline In-App Card Payments

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.