At present, only a few people prefer making payments with cash. Most of us now make payments with just a few clicks, thanks to digital payment apps like GPay, PhonePe and Paytm. Now, PhonePe is all set to expand its services beyond digital payments and has collaborated with Visa. Scroll down to know more!
What New Services Has PhonePe Launched With Visa?
PhonePe is now all set to bring more than just digital payments. As per Moneycontrol report, this Bengaluru-based fintech company has partnered with Visa to launch three new card-based solutions. The announcement was made at the Global Fintech Fest 2026 in Mumbai on September 9.
The new services are Tap to Pay, Cross-Border Scan to Pay and Smart Accept. These services are based on PhonePe’s existing technology that lets users securely add their Visa cards to the app. The company now wants to make card payments as easy and convenient as UPI payments.
Also Read: After France, THIS European Nation Is Set To Introduce UPI Payments For Indian Travellers
Card Payments Still On Top Of UPI
Though UPI makes up 89% of digital transactions in India, card payments are still in the lead. Moneycontrol report revealed that cards still play an important role in high-value purchases and online shopping, where Visa and Mastercard remain the top choices.
With Tap to Pay, users can add their Visa cards to the app using tokenisation. With this, users can make contactless payments at point-of-sale terminals without carrying their physical cards. As for Cross-Border Scan to Pay, users can scan Visa-supported QR codes in 14 international markets. These include popular destinations such as Singapore, Malaysia, Thailand, Japan and South Korea.
Lastly, Smart Accept has been launched for small businesses and merchants. It will let them accept card payments directly through their smartphones, without needing a separate card payment machine.
How excited are you to make card payments without carrying it physically?
Cover Image Courtesy: Canva Pro/ Lulian Catalin’s Images (Representative Image)
FAQs
When were UPI payments introduced?
The UPI payments were introduced in April 2016 by National Payments Corporation of India (NPCI)
How to make card payments on PhonePe?
Add your Visa card to the PhonePe app using tokenisation, then use it to make contactless payments at supported point-of-sale terminals.
Who introduced PhonePe?
The PhonePe was introduced by Sameer Nigam, Rahul Chari, and Burzin Engineer.
