Mumbai, Oct 7 (NationPress) PhonePe Payment Gateway (PhonePe PG) has revealed a groundbreaking partnership with Mastercard, a leader in global payment technologies, to unveil its device tokenisation solution.

Unveiled during the Global Fintech Fest (GFF) 2025, this collaboration integrates Mastercard’s advanced tokenisation capabilities into the PhonePe PG merchant platform, significantly enhancing secure payment methods for online vendors. This marks a pivotal development in revolutionising the checkout process for countless consumers.

Moreover, ixigo, a prominent AI-driven travel service and exclusive partner for flight, bus, and train bookings on PhonePe, has incorporated PhonePe PG to provide a quicker, more secure card payment experience for millions of users across its platforms.

With this launch, users can securely save their card information within the PhonePe app and utilize it across all participating online merchants.

This 'save once, use everywhere' feature eliminates the repetitive task of entering card details for transactions on various websites or apps, fostering a seamless and integrated commerce experience.

The solution seamlessly combines Mastercard’s global leadership in secure token transactions with PhonePe’s extensive merchant network, resulting in a one-tap checkout experience that is advantageous for both customers and merchants.

For merchants, this means reduced cart abandonment and an enhanced customer journey, contributing to improved conversion rates and customer satisfaction. The system transforms the traditional concept of saved cards from a single-vendor service into a comprehensive network-wide offering, establishing a unified commerce experience where security and ease coexist.

“At PhonePe PG, we are dedicated to continually innovating to simplify, expedite, and secure digital payments. Our partnership with Mastercard reinforces our mutual goal to spur payment innovation, boost customer confidence, and empower merchants within India’s rapidly evolving digital economy,” stated Ankit Gaur, Head of Payment Gateway and Online Merchants at PhonePe.

“By implementing device tokenisation, partners like ixigo can provide reliable, one-tap checkout solutions to millions, enhancing conversion rates and customer satisfaction while remaining compliant with RBI regulations,” he further explained.

In accordance with recent regulatory updates, the RBI now allows alternative methods for authenticating online transactions.

This adjustment enables customers to finalize payments using PhonePe’s device tokens and validate them through device biometrics—like fingerprints or facial recognition—eliminating the need for an OTP. This guarantees a secure, compliant, and efficient one-click checkout for users, upholding the highest security standards.

“As a global pioneer in digital payments, Mastercard is dedicated to shaping the future of intelligent commerce through secure, scalable, and inclusive technologies. Our partnership with PhonePe highlights a shared vision to accelerate India’s digital evolution by providing merchants like ixigo with seamless and trustworthy transaction experiences. By fortifying the foundation of digital security, we’re not just facilitating frictionless payments but also cultivating consumer trust and promoting long-term inclusive growth across the ecosystem,” mentioned Satya Padhiary, Vice President of Digital & Fintech for South Asia at Mastercard.

“At ixigo, we understand that a seamless travel experience encompasses more than just ticket bookings; it involves every interaction our users have with our platform, including payment processes. Through the integration of PhonePe PG’s device tokenisation, powered by Mastercard, we are enhancing both convenience and trust in the checkout experience. This ensures faster, more secure payments while minimizing friction, allowing millions of travelers to finalize their bookings with assurance and ease,” added Nitin Gurha, SVP Flight & Hotel Business at ixigo.

This collaboration with Mastercard builds upon PhonePe PG’s existing tokenisation features with Visa, further enriching its secure payment solutions for businesses across India.