Chari's comments addressed questions about the security of tokenising cards on mobile devices. His position was that the process does not facilitate fraud. The supplied report does not provide supporting technical details or fraud data, so his statement should be read as the company's position rather than an independently established finding.

Alongside those remarks, PhonePe announced three payment solutions in collaboration with Visa. One offering mentioned in the report is Cross Border Scan to Pay, which allows international transactions. The report does not specify the countries covered, customer eligibility, charges or the steps needed to use it.

The report also says PhonePe is enabling micro-merchants to receive payments made by card. However, it does not provide the full details of that facility or identify all three offerings. Information on rollout timing and any requirements for participating merchants has not been stated in the supplied material.