India, Feb. 17 -- Fintech giant PhonePe has unveiled device tokenisation solutions for credit and debit cards, aiming to curb digital frauds on its platform.

With this solution, users will be able to tokenise their card and access all the use cases including bill payments, recharges and booking travel tickets among others on the PhonePe app.

This solution aims at fastening the transaction process, reducing the risk of frauds during card payments and providing higher conversions for merchants.

"This launch will be a step forward in making digital payments more secure and seamless. We plan to expand this offering by integrating with more card payment networks and enabling access to the device tokenised cards to all PhonePe PG merchants,"...