gistfile1.php

<?php
/**
 * Menu callback for /settings/billing-information/payment-history
 */
function _radius_settings_payment_history_menu_callback() {

  $payment_records = array(
    array(
      "name" => "Rohan",
      "payment_method" => "Amex",
    ),
    array(
      "name" => "Matt",
      "payment_method" => "Visa",
    ),
    array(
      "name" => "Eric",
      "payment_method" => "Mastercard",
    ),
  );

  $page = array(
    'content' => theme('payment_history', array('payment_records' => $payment_records)),
  );
  return $page;
}

gistfile2.php

<?php
/**
 * Implements hook_theme().
 */
function radius_settings_theme() {
  //Override the theme default page.tpl.php
  return array(
    "page__settings" => array(
      "template" => "page--settings",
      "path" => drupal_get_path('module', 'radius_settings') . '/theme',
    ),
    "settings__account_preferences__prefix" => array(
      "template" => "settings--account-preferences--prefix",
      "path" => drupal_get_path('module', 'radius_settings') . '/theme',
    ),
    "settings__change_cancel__prefix" => array(
      "template" => "settings--change-cancel--prefix",
      "path" => drupal_get_path('module', 'radius_settings') . '/theme',
    ),
    "payment_history" => array(
      "template" => "payment-history",
      "path" => drupal_get_path('module', 'radius_settings') . '/theme',
    ),
  );
}

gistfile3.phtml

<!-- payment-history.tpl.php -->
<div>
  <div>hello rohan</div>
  <?php foreach ($payment_records as $record): ?>
    <div class="payment-record">
      <?php print $record['name']; ?>
    </div>
    <div class="payment-method">
      <?php print $record['payment_method']; ?>
    </div>
  <?php endforeach; ?>
</div>