Mumbai, October 7 (IANS). PhonePe Payment Gateway (PhonePe PG) on Tuesday announced a strategic cooperation to launch its device Tokanization Solution with a Global Technology Company of Payment Industry, MasterCard.
The Global Fintech Fest (GFF) announced in 2025, the initiative of MasterCard brings the Network Tokanization capacity of PhonePe PG to the merchant platform of PG, offering safe payment options for online businesses. This is an important milestone in changing the checkout experience of millions of customers.
In addition, India’s leading AI-managed travel platform and exclusive partner, which strengthens flight, bus and train booking on PhonePe, has integrated the phone pay PG to provide faster and more secure card payment facilities to millions of users on their apps.
With this launch, customers can now save your card on the PhonePe app once and use it safely on all participating online merchants.
This ‘Save Once usage everyware’ expires the need to repeatedly enter its card details while transacting on new websites or apps to Customers, making a consistent and interconnected commerce experience.
This solution connects global expertise in the safe token transactions of the mastercard with the scales and merchant networks, making an one-tap checkout experience that benefits both customers and businesses.
This means for merchants means low drop-off and a smooth customer trip, which helps improve both conversion and customer satisfaction. This solution converts the idea of a saved card to a network-wide capability from a single-core feature, forcing a Unified Commerce Experience, where security and convenience moves together.
PhonePe’s Payment Gateway and Online Merchant Head, Ankit Gaur said, “In PhonePe PG, we are constantly innovating to make digital payment simple, fast and more secure. Our cooperation with MasterCard makes India’s cooperation promoted our sharing innovation in the rapidly growing digital economy of India, increase our shares to increase customer confidence and empower merchants.”
He further said, “Merchants like IXIGO with device tookation can provide reliable, one-tap checkout experience to millions of users, which helps to obtain higher conversion and better customer satisfaction, following the RBI rules.”
Under the recent regulatory updates, RBI now allows alternative authentication methods for online transactions.
With this change, customers can pay using phonpee devices tokens and instead of entering OTP, they can verify them via your device biometrics such as fingerprint or face scan. This ensures a safe, compliance and uninterrupted one-click checkout for users while maintaining the highest standards of security.
Satya Padhiyari, vice-president of MasterCard South-Asia Digital and Fintech Vice President, said, “As a global leader in digital payment, MasterCard is committed to shaping the future of smart commerce through safe, scalable and inclusive techniques. Our cooperation with PhonePe is a comfortable and reliable transaction to give the future of India-like, our cooperation with phone Underlines the ambition. By strengthening the foundation of digital security, we are not only enabled in the obstructed payment, but also creating consumers trust and accelerating long -term inclusive development throughout the ecosystem. “
Ixigo’s flight and hotel business SVP Nitin Gurha said, “In Ixigo, we believe that a spontaneous travel experience extends far beyond ticket booking. It includes our users’ platform with our platform, including the payment. We are facilitated in the checkout process. Removing the barrier, ensures fast, more secure payment, allowing millions of passengers to complete their confidence and easily booking. “
This launch with the mastercard will strengthen the existing Tokanization capabilities of PhonePe PG with visa, which will expand its safe payment offers for businesses across India.
-IANS
SKT/