Bengaluru, Jan. 10 -- 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 utilizes device tokenization to provide a secure and efficient in-app checkout experience for PhonePe platform users and merchant partners.

According to the company, this feature allows users to tokenize their Mastercard and Visa cards once on the PhonePe app, enabling them to use their saved cards across any merchant integrated with PhonePe PG instead of having to tokenize their card separately with every merchant. By replacing sensitive card details with secure tokens, the system removes the requirement for CVV entry during subsequent transactions carr...