PhonePe enhances payment security with card tokenisation solution

By Gloria Methri

PhonePe has launched a device tokenisation solution for credit and debit cards, allowing users to securely store and use their cards across various services on the PhonePe App, including bill payments, recharges, booking travel tickets, insurance purchases, making payments on Pincode, as well as at online merchants.

For consumers, tokenising their cards has several benefits. They will no longer need to save their card details on merchant platforms or enter a CVV for every transaction. With tokenised cards securely linked to devices, fraud risks from stolen or leaked card details are also reduced, giving consumers an extra layer of security and boosting consumers’ confidence in online payments. To begin with, consumers will be able to tokenise their Visa credit and debit cards.

For merchants, the advantage goes beyond security – it means tapping into a constantly expanding network of tokenised cards, ensuring faster transactions and higher conversions. As more consumers adopt this seamless payment method, businesses will naturally benefit from higher success rates, improved customer retention, and a frictionless checkout experience that fuels growth.

Commenting on the launch, Rahul Chari, Co-founder & CTO of PhonePe, said, “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. At PhonePe, we have always focused on building innovative solutions that enhance customer trust and convenience. As digital payments evolve, we remain committed to delivering offerings that make transactions safer, faster, and frictionless for both businesses and consumers.”