PhonePe Launches 'PG Bolt' for Visa, Mastercard: Faster, Secure One-Click Payments!

• PhonePe introduces 'PhonePe PG Bolt' for Visa and Mastercard users to accelerate credit/debit card transactions.
• The new feature uses advanced 'device tokenization' technology for secure, in-app checkout experiences.
• It enables 'one-click' payments, eliminating the need for repeated card detail entry and reducing transaction drop-offs.
• Tokenization needs to be done only once in the PhonePe app, allowing use with any integrated merchant.
• Enhanced security with coded tokens instead of sensitive card details, removing CVV entry for subsequent transactions on the same device.

Why It Matters: PhonePe's PG Bolt revolutionizes digital payments with one-click, secure, and faster card transactions.