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PhonePe and MasterCard launched the ecosystem-wide device Tokanization!
Samira Vishwas | October 8, 2025 4:24 AM CST

PhonePe Payment Gateway (PhonePe PG) announced strategic cooperation with MasterCard on Tuesday, which will launch its device tookation solution. The initiative was declared in the Global Fintech Fest (GFF) 2025, which brings the MasterCard network toknation capacity to the merchant platform of Phonpe PG.

Its purpose is to provide a safe and easy payment option for online business.

Along with this, India’s leading AI-operated travel platform Ixigo has integrated PhonePe PG in its apps. With this, users will be able to save their card on the PhonePe app once and safely pay on all participating merchants.

This feature provides ‘Save Once usage everyware’ experience, which eliminates the need to record card details repeatedly and gives the user interconnected commerce experience.

PhonePe’s payment gateway and online merchant head Ankit Gaur said, “We are constantly innovating to make digital payment simple, fast and safe. Our cooperation with MasterCard will promote payment innovation in India’s digital economy and empower merchants.”

Under the new RBI rules, alternative authentication is now allowed for online transactions. Under this, users can pay from their fingerprint or face scan using PhonePe device tokens.

“MasterCard South-Asia Digital and Fintech Vice President Satya Padhiyari said,” Cooperation with PhonePe will speed up India’s digital change and strengthen consumer confidence. “

Ixigo’s flight and hotel business SVP Nitin Gurha said, “With the device toknagation, we are ensuring both security and convenience in the checkout process, making millions of passengers booking experience comfortable.”

With this partnership, PhonePe PG will have further strengthening capacity and businesses will be available safe payment options across India.

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