PhonePe Payment Gateway has rolled out a new card payment feature, PhonePe PG Bolt, for Visa and Mastercard credit and debit card transactions, as per PTI report. The company said the feature will support in-app payments for merchants integrated with its payment gateway.
The announcement was made on Saturday and applies to transactions carried out on the PhonePe platform.
PhonePe announced that the feature is built on device tokenisation, a process that replaces card numbers with encrypted digital tokens. These tokens are stored on the user’s device and used for transactions instead of actual card details.
Users need to tokenise their Visa or Mastercard once on the PhonePe app. After this, the saved card can be used across all merchants connected to PhonePe PG, without repeating the tokenisation process.
According to the company, tokenisation removes the need to enter CVV details for repeat transactions made on the same device. This reduces the number of steps involved in completing a card payment.
The payment flow stays within the merchant’s app, avoiding redirects to external payment pages that are typically part of card transactions.
PhonePe also mentioned that merchants can integrate PG Bolt using its native software development kit. This allows card payments to be embedded directly into an existing app structure.
The company said the reduction in manual card entry and fewer system hand-offs can result in quicker transaction processing. Merchants can also align the payment interface with their app’s design.
Yuvraj Singh Shekhawat, Chief Business Officer for Merchant Business at PhonePe, said the launch of PG Bolt for Visa and Mastercard cards is intended to simplify card payments for users and merchants.
He said device tokenisation enables a shift away from older card checkout methods.
Card tokenisation has gained wider use in India following regulatory requirements that limit the storage of card data by merchants and payment platforms. Payment companies have adopted token-based systems to meet these norms.
PhonePe PG Bolt follows this approach by applying tokenisation across multiple merchant apps under one gateway.
Read More: PhonePe Wealth Introduces Daily SIP with Minimum Investment Starting at ₹10!
With PG Bolt, PhonePe Payment Gateway has expanded its card payment setup to include tokenised in-app transactions for Visa and Mastercard cards, allowing card use across merchants with fewer payment steps.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 12, 2026, 12:00 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
