PhonePe Payment Gateway introduced ‘PhonePe PG Bolt’ Saturday, enabling seamless Visa and Mastercard credit/debit card transactions via device tokenisation. The solution delivers secure, one-click in-app checkouts for PhonePe users and merchant partners, eliminating CVV entry and external redirects.
Chief Business Officer Yuvraj Singh Shekhawat called PG Bolt a “significant step” toward simplifying digital payments. Users tokenise cards once in the PhonePe app, then pay instantly across integrated merchants without repeated authorisation. Merchants gain higher success rates, faster checkouts, and customisable interfaces preserving brand consistency—all powered by PhonePe’s native SDK.
The launch accelerates PhonePe’s growth trajectory post-IPO preparations. In September 2025, the Walmart-backed fintech confidentially filed a Draft Red Herring Prospectus with SEBI, targeting Rs 12,000 crore ($1.35 billion) through existing investor share sales including Tiger Global and Microsoft. FY25 financials showed 40.5% revenue growth to Rs 7,114.9 crore, with losses narrowing 13.5% to Rs 1,727.4 crore.
Investor momentum continues: General Atlantic doubled its stake to 9% via a $600 million secondary deal in October 2025, reaching $1.15 billion total since 2023. PhonePe also integrated ChatGPT across consumer/merchant apps and Indus Appstore in November 2025 for AI-powered travel planning and shopping assistance.
PG Bolt addresses India’s booming UPI-credit card hybrid market, where tokenisation reduces friction in the world’s largest digital payments ecosystem. By keeping users within merchant apps, it tackles checkout abandonment plaguing e-commerce.
