Digital payments leader PhonePe has launched a new ‘Tap & Pay’ feature in partnership with Mastercard, making it easier and faster for users to make contactless payments.
With this feature, PhonePe users can simply tap their smartphones on contactless-enabled POS (Point of Sale) machines to complete payments instantly. The service will work at all merchant outlets that support NFC (Near Field Communication) payments.
This move comes as part of PhonePe’s efforts to provide a smoother, more secure, and globally accepted payment experience to its 535+ million registered users. Mastercard’s network will enable seamless international acceptance of PhonePe’s Tap & Pay, making it useful not just in India but abroad too.
Key Highlights
| Aspect | Details |
|---|---|
| Feature Name | Tap & Pay |
| Launched By | PhonePe |
| Partner | Mastercard |
| Technology | NFC (Near Field Communication) |
| How It Works | Users tap their phone on contactless POS machines to pay |
| Availability | All NFC-enabled merchant outlets in India & abroad |
| Benefit | Faster, secure, globally accepted digital payments |
Why It Matters
- Faster checkout: No need to enter PIN or scan QR codes for small transactions.
- Global acceptance: Works in stores abroad where Mastercard contactless is supported.
- Enhanced security: Uses tokenisation for safe transactions.
- Boost for digital India: Encourages wider adoption of cashless payments.
