PhonePe Payment Gateway Introduces ‘Bolt’ for Visa and Mastercard to Streamline In-App Card Payments via Device Tokenization

National, January 10, 2026: PhonePe Payment Gateway (PhonePe PG), today 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.

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 carried out on the same device. This architecture reduces the number of steps in the payment journey, maintaining the user within the merchant’s app environment throughout the process and eliminating traditional redirects to external pages.

Speaking about the launch, Yuvraj Singh Shekhawat, Chief Business Officer of Merchant Business at PhonePe Limited said, “The launch of PhonePe PG Bolt feature for Visa and Mastercard is a significant step in our journey to simplify digital payments for millions of Indians. By leveraging device tokenization, we will enable users and merchants to move away from the traditional, cumbersome checkout process to a secure, one-click payment experience. This not only enhances user convenience but also empowers our merchant partners to maximize their growth through industry-best success rates and reduced drop-offs.”

By utilizing PhonePe’s native SDK, merchants can achieve higher transaction success rates and significantly faster checkout speeds. This efficiency is driven by the elimination of manual card entry and the reduction of technical hand-offs between payment entities. Additionally, the solution provides merchants with a customizable interface that integrates directly into their existing app flow, helping maintain brand consistency while reducing transaction drop-offs. 

About PhonePe:

PhonePe Limited (Formerly PhonePe Private Limited) is a technology company that builds digital platforms for Payments, Digital Distribution Services, Financial Services and Marketplace Solutions. Headquartered in India, the PhonePe digital payments app was launched in 2016. As of September 30, 2025, PhonePe has over 65 Crore registered users and a digital payments acceptance network spread across over 4.7 Crore merchants.

PhonePe’s products and services include Consumer Payments (including Digital Distribution Services), Merchant Payments, Lending and Insurance Distribution services, and New Platforms, which comprise Share.Market (stock broking and mutual funds distribution platform), and Indus Appstore (Android-based mobile app marketplace).
For more details, contact: [email protected]