PhonePe Payment Gateway has launched 'PhonePe PG Bolt' for Visa and Mastercard credit and debit card transactions. This new feature utilizes device tokenization to offer a secure, one-click in-app payment experience. Users tokenize their cards once on the PhonePe app, eliminating the need for CVV entry and separate tokenization for each merchant. The solution aims to enhance user convenience, increase transaction success rates, and reduce drop-offs for merchant partners.