New Delhi, March 16 (IANS). PhonePe on Monday announced that it has temporarily postponed its public market listing process due to the ongoing geopolitical conflicts and market volatility and will resume the listing process once there is some stability in the global capital markets.
Sameer Nigam, CEO of PhonePe, said, “We wish for a speedy restoration of peace in all affected areas. We remain committed to the public listing in India.”
As of September 30, 2025, PhonePe has more than 65 crore registered users and its digital payments network extends to more than 4.7 crore merchants.
Additionally, in January this year, PhonePe payment gateway (PhonePe PG) had announced the launch of ‘PhonePe PG Bolt’ for Visa and MasterCard credit and debit card transactions.
According to the official statement, this solution uses device tokenization to provide a secure and efficient in-app checkout experience for users and merchant partners of the PhonePe platform.
With the help of this feature, users can tokenize their MasterCard and Visa cards once on the PhonePe app. With this, they can use their saved card at any merchant associated with PhonePe PG. With this, users will not need to tokenize the card separately with each merchant.
By replacing sensitive card details with a secure token, the system eliminates the need to enter the CVV during subsequent transactions conducted on the same device. This architecture reduces steps in the payment process, keeps the user in the merchant’s app environment throughout the process, and eliminates traditional redirects to external pages.
Yuvraj Singh Shekhawat, Chief Business Officer, Merchant Business, PhonePe Limited, said, “The launch of PhonePe PG Bolt feature for Visa and MasterCard is an important step in our journey towards simplifying digital payments for millions of Indians. By leveraging device tokenization, we will provide users and merchants with a secure, one-click payment experience by moving away from the traditional, complex checkout process.”
Shekhawat further added, “This not only increases convenience for users, but also gives our merchant partners the opportunity to maximize their growth through the best success rates and low drop-offs in the industry.”
–IANS
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