PhonePe Introduces Device Tokenization: A Secure Way to Make Digital Payments

PhonePe, recently announced the launch of a device tokenization solution for Credit and Debit cards. Tokenization provides users with an added layer of security by converting sensitive cardholder data to a string of randomly generated numbers known as a token.

With this launch, consumers will be able to tokenize their Cards on the PhonePe App, and use the card tokens seamlessly across all use cases on PhonePe such as Bill Payments, Recharges, booking travel tickets, making insurance purchases, making payments on the Pincode shopping app, etc.