New Delhi, 17 February (IANS). Fintech Major PhonePe on Monday announced the launch of a device toknation solution for credit and debit cards.
With this launch, users will be able to try their cards on the PhonePe app. PhonePe users will be able to pay bill payment, recharge, travel ticket booking, insurance, through payment card on pincode. Apart from this, online merchant where PhonePe Payment Gateway Service is integrated, but the card can also be touched.
PhonePe’s co-founder and CTO Rahul Chari said, “This launch will be one step ahead to make digital payment more secure and comfortable. Accessfully planned to expand this offer. “
Chari said, “We have always focused on creating such innovative solutions that increase the trust and convenience of customers. With the development of digital payment, we are committed to offer, which both business and consumers both business and consumers.” Make transactions safe, fast and obstructless. “
According to the company, there are many benefits for consumers from toking the card.
PhonePe customers will no longer need to enter CVV for their card details or every transaction on the merchant platform, which will increase the success rate and will be less-off at the time of checkout.
Along with the card safely connected to the device, stolen or leaked card details also reduce the risk of fraud, causing adequate security arrangements to consumers and increases the trust of consumers in online payment.
First of all, consumers will be able to try their visa credit and debit cards.
As more consumers adopt this spontaneous payment methods, businesses will naturally benefit from the higher success rate, better customer experience and a barrierless checkout experience, which promotes growth.
The company said, “As a leading payment gateway, PhonePe Payment Gateway is proud to be the first company to provide this solution to all its traders.”
-IANS
SKT/ABM