In a major boost to digital transactions, PhonePe has unveiled ‘Bolt’, a cutting-edge payment gateway solution tailored specifically for Visa and Mastercard transactions. This innovative launch promises to revolutionize the speed and efficiency of online payments across India.
Bolt is designed to handle high-volume transactions with lightning-fast processing times, addressing one of the biggest pain points in e-commerce: payment delays. By integrating seamlessly with Visa and Mastercard networks, it ensures secure, real-time authorizations that merchants have been waiting for.
The timing couldn’t be better. With India’s digital economy exploding—UPI transactions hitting record highs monthly—PhonePe is positioning itself as the go-to platform for businesses scaling up. Bolt supports everything from one-click checkouts to recurring payments, making it ideal for subscription services, retail giants, and fintech startups alike.
What sets Bolt apart? Its adaptive fraud detection uses AI to flag suspicious activities in milliseconds, reducing chargebacks by up to 40%. Merchants can also enjoy lower transaction fees compared to traditional gateways, without compromising on reliability.
Industry experts are buzzing. ‘This is a game-changer for mid-sized enterprises,’ says fintech analyst Rajiv Singh. ‘PhonePe’s Bolt bridges the gap between UPI simplicity and card-based global standards.’
PhonePe’s move comes amid fierce competition from Paytm, Razorpay, and global players like Stripe. By focusing on card networks, the company taps into a $100 billion market segment underserved by instant UPI options.
Early adopters report transaction success rates exceeding 99%, with settlement times slashed to under 2 seconds. As e-commerce surges post-pandemic, Bolt is set to power the next wave of digital commerce in India.
Looking ahead, PhonePe plans international expansion for Bolt, eyeing Southeast Asia where Visa and Mastercard dominate. For now, Indian merchants can integrate it via simple APIs, with full rollout expected in Q1 2025.
This launch underscores PhonePe’s commitment to building India’s payment infrastructure, one swift transaction at a time.