NEW DELHI: As contactless payments through smartphones gain popularity among consumers, PhonePe and Mastercard have announced a collaboration to launch an exclusive feature for Mastercard cardholders in India.

The new feature enables Mastercard cardholders to make in-store payments by simply tapping their NFC-enabled smartphones at payment terminals using the PhonePe app.

The collaboration is designed to offer secure and frictionless ‘tap and pay’ experiences at physical retail outlets, while also supporting tokenised e-commerce transactions -- all through NFC-capable Android smartphones.

Cardholders can simply save their Mastercard credit, debit, and prepaid cards issued in India on their smartphones and enjoy all the benefits of card-based payments.

By combining Mastercard’s global

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