New Delhi: PhonePe Payment Gateway on Thursday announced the launch of PhonePe PG Bolt — a groundbreaking solution that empowers merchants by offering the fastest in-app payment experience to customers with a 99 per cent success rate.

PhonePe PG Bolt offers a 1-second transaction time with the widest reach for registered PhonePe merchants and users who can integrate their payments across apps without multiple onboarding.

PhonePe PG Bolt offers a multitude of benefits that set it apart from other payment solutions in the market.

With a focus on speed, convenience, and reliability, PhonePe PG Bolt delivers a 10x faster payment experience with UPI Lite, Wallets, and EGVs, through a one-click, PIN-less process.

Unlike other solutions that require multiple steps and phone permissions, PhonePe PG Bolt eliminates these hurdles, ensuring enhanced customer experience and an efficient payment journey which leads to increased conversion rates and drives business growth.

By providing complete control over the customer’s payment experience within the merchant app, PhonePe PG Bolt eliminates the need for redirection to external payment platforms.