Key Points

Announced at the Global Fintech Fest (GFF) 2025, the initiative brings Mastercard's network tokenisation capability to PhonePe PG's merchant platform, expanding secure payment options for online businesses. This is a significant milestone in transforming the checkout experience for millions of customers.

In addition, ixigo, one of India's leading AI-powered travel platforms and the exclusive partner for powering flights, bus, and train bookings on PhonePe, has integrated PhonePe PG to offer millions of users faster and more secure card payments across its apps.

With this launch, customers can now save their card once on the PhonePe app and use it securely across all participating online merchants.

This "save once, use everywhere" experience eliminates the need for customers to repeatedly enter their card details when transacting on new websites or apps, creating a cohesive and interconnected commerce experience.

The solution brings together Mastercard's global expertise in secure tokenised transactions with PhonePe's scale and merchant network, creating a one-tap checkout experience that benefits both customers and businesses.

For merchants, it means fewer drop-offs and a smoother customer journey, helping improve both conversions and customer satisfaction. The solution turns the idea of saved cards from a single-merchant feature into a network-wide capability, creating a unified commerce experience where security and convenience go hand in hand.

"At PhonePe PG, we are constantly innovating to make digital payments simpler, faster, and more secure. Our collaboration with Mastercard further strengthens our shared commitment to drive payments innovation, enhance customer trust, and empower merchants in India's fast-growing digital economy," said Ankit Gaur, Head, Payment Gateway and Online Merchants, PhonePe.

"With device tokenisation, merchants like ixigo can deliver trusted, one-tap checkout experiences to millions of users, helping drive higher conversions and better customer satisfaction while staying fully compliant with RBI regulations," he added.

As part of the recent regulatory updates, the RBI now permits alternative authentication methods for online transactions.

With this change, customers can complete payments using PhonePe's device tokens and verify them through their device biometrics --such as a fingerprint or face scan -- instead of entering an OTP. This ensures a safe, compliant, and seamless one-click checkout for users while maintaining the highest standards of security.

"As a global leader in digital payments, Mastercard is committed to shaping the future of smarter commerce through secure, scalable, and inclusive technologies. Our collaboration with PhonePe underscores a shared ambition to accelerate India's digital transformation by equipping merchants like ixigo with seamless and trusted transaction experiences. By strengthening the foundation of digital security, we're not only enabling frictionless payments but also building consumer trust and driving long-term inclusive growth across the ecosystem," said Satya Padhiary, Vice President, Digital & Fintech, South Asia, Mastercard.

"At ixigo, we believe a seamless travel experience extends far beyond booking tickets - it includes every interaction our users have with our platform, including payments. With the integration of PhonePe PG's device tokenisation powered by Mastercard, we are enhancing both convenience and trust in the checkout journey. This ensures quicker, more secure payments while removing friction, enabling millions of travellers to complete their travel bookings with confidence and ease," added Nitin Gurha, SVP Flight & Hotel Business, ixigo.

This launch with Mastercard builds on PhonePe PG's existing tokenisation capabilities with Visa, further expanding its secure payment offerings for businesses across India.

- IANS