PhonePe has joined forces with Mastercard to introduce device tokenisation, a move aimed at enhancing the security and convenience of digital transactions across merchants. The new feature allows users to store their card details securely within the PhonePe app and reuse them for payments without the need to re-enter information each time, streamlining the checkout experience.

Device tokenisation replaces sensitive card data with a unique digital token, ensuring that actual card numbers are never shared during transactions. This reduces the risk of fraud and unauthorized access, offering users a safer way to make payments both online and at physical merchant locations.

The partnership between PhonePe and Mastercard is part of a broader initiative to modernize payment infrastructure and boost user confidence in digital wallets. By integrating tokenisation, the companies aim to create a seamless experience that balances convenience with security, catering to the growing number of consumers preferring contactless and mobile payment options.

Executives from both PhonePe and Mastercard highlighted that device tokenisation represents a significant step forward in India’s digital payments ecosystem. It not only safeguards sensitive information but also supports faster, frictionless transactions, making it easier for merchants and customers alike to complete payments efficiently.

Industry analysts note that this collaboration aligns with global trends where tokenisation is becoming a standard for securing digital and mobile transactions. As more users adopt smartphones and digital wallets for everyday purchases, initiatives like these are expected to drive adoption while minimizing cybersecurity risks.

With this launch, PhonePe strengthens its position as a leading digital payments platform in India, offering enhanced security features while ensuring that users continue to enjoy convenient, hassle-free payment experiences.