PhonePe has collaborated with Visa to launch a new cardless payment feature, enabling users to conduct transactions without carrying physical cards. By leveraging tokenization technology, the platform allows customers to securely link their Visa debit and credit cards to the PhonePe app.
Expanding Transaction Channels
This integration facilitates seamless payments across various channels, including online merchants, offline stores via QR codes or NFC-enabled devices, and international transactions. The initiative aims to enhance user convenience and security by replacing sensitive card details with unique digital tokens, thereby reducing the risk of fraud during digital payments.