PhonePe PG Bolt: One-Time Tokenisation for In-App Card Payments
Why in the news
PhonePe’s payment gateway arm has introduced PhonePe PG Bolt, aimed at making credit and debit card payments inside apps quicker and more secure.
Key facts
- Built for merchants using PhonePe Payment Gateway.
- Works with Visa and Mastercard cards.
- Relies on device tokenisation for security and speed.
How it helps
| Feature | Benefit |
|---|---|
| One-time tokenisation on the PhonePe app | Tokenised card reusable across every merchant integrated with PhonePe PG |
| No fresh tokenisation per merchant | Less repeated effort for the user |
| No CVV for repeat use on the same device | Faster checkout |
| In-app flow | One-click checkout without redirects to outside payment pages |
Exam angle
- Product name: PhonePe PG Bolt.
- Security method: device tokenisation.
- Networks supported: Visa and Mastercard.