PhonePe, one of India’s leading digital payment platforms, has officially launched device tokenisation for credit and debit card transactions, offering users a safer and seamless way to pay online and offline. This move aligns with RBI’s security guidelines, ensuring that sensitive card information like card numbers, CVV and expiry date are never exposed during transactions.
With rising cyber threats and online fraud cases, tokenisation is becoming the new standard for secure digital banking. Vizzve Finance highlights that this feature is expected to boost user trust and fast-track digital payment adoption across India, making it a trending update already gaining traction on Google Search and finance forums.
🔐 What Is Device Tokenisation?
Device tokenisation replaces your actual card number with a unique “token”, which is stored on your device or app. This token is used for processing payments instead of real card details — ensuring hackers or merchants never access original card credentials.
✅ Key Benefits of PhonePe Tokenisation
Enhanced Security – No exposure of card details during transactions
Faster Checkouts – One-time token setup for future seamless payments
RBI-Compliant Technology – Fully aligned with regulatory guidelines
Supports Major Banks & Cards – Visa, Mastercard, Rupay-enabled
Works Across Apps & Devices
🛠️ How to Enable Device Tokenisation on PhonePe
Open PhonePe App
Go to “Cards” or “Payment Methods”
Select Credit/Debit Card
Click “Secure with Tokenisation”
Authenticate using OTP or biometric
Done! Your card is now token protected.
(FAQ)
1. Is tokenisation mandatory for PhonePe users?
No, but it is highly recommended for security. Future transactions may eventually require it as per RBI rules.
2. Will tokenisation affect my cashback or rewards?
Not at all. Your card benefits remain unchanged.
3. Can I remove a token later?
Yes, users can de-tokenise any card from the PhonePe settings.
4. Does tokenisation work for UPI-linked cards?
Yes, UPI-based card payments and merchant apps support tokenised transactions.
5. Is this feature available on iOS and Android?
Yes, PhonePe has rolled it out across all devices.
Published on : 13th October
Published by : Deepa R
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