Is it mandatory for the merchant to complete their KYC for onboarding?

Is it mandatory for the merchant to complete their KYC for onboarding?

Yes, it is mandatory for the merchant to complete KYC to be onboarded on PhonePe Business.

Before we onboard a merchant, we need to verify their personal information under the Know Your Customer (KYC) norms, rules, and laws issued by the RBI. This enables us to provide the merchant with a better experience.