What is PhonePe PG Bolt for Visa and Mastercard?

PhonePe PG Bolt is a payment solution that uses device tokenization for secure, one-click Visa and Mastercard transactions.

How does device tokenization work with PhonePe PG Bolt?

It replaces sensitive card details with secure tokens, allowing saved cards to be used across merchants without CVV entry.

What are the benefits of PhonePe PG Bolt for merchants?

Merchants experience higher success rates, faster checkouts, and reduced transaction drop-offs through a simplified payment process.

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PhonePe Bolt: One-Click Payments for Visa, Mastercard

10 Jan

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Summary

PhonePe PG Bolt enables one-click Visa and Mastercard payments.
Device tokenization secures payments and reduces checkout steps.
Users save cards once, using them across integrated merchants.

PhonePe Bolt: One-Click Payments for Visa, Mastercard

PhonePe Payment Gateway has introduced 'PhonePe PG Bolt,' a new feature designed to streamline credit and debit card payments for Visa and Mastercard users. This solution utilizes device tokenization, offering a secure and highly convenient one-click payment experience directly within the PhonePe app and integrated merchant platforms. The primary goal is to move away from traditional, multi-step checkout processes.

With PhonePe PG Bolt, users can tokenize their Mastercard and Visa cards just once within the PhonePe application. This tokenized card can then be used for subsequent purchases across any merchant partnered with PhonePe PG. Sensitive card details are replaced by secure tokens, eliminating the need to enter the CVV for future transactions on the same device, thereby enhancing security and speed.