PhonePe Expands Card-Based Offerings with Visa Partnership

PhonePe, India's largest digital payments app, is expanding its offerings beyond Unified Payments Interface (UPI) with a suite of card-based solutions in partnership with Visa. The fintech firm announced three new services at the Global Fintech Fest 2026 in Mumbai: tap to pay, cross-border scan to pay, and smart accept.

The new solutions build on PhonePe's existing Visa card tokenization capability, launched in February 2025, as competition intensifies across digital payments. Interestingly, UPI accounts for 89 percent of all digital transactions in the country, despite having lower average values compared to typical card payments.