Is any KYC mandatory for new users?
No, KYC is not mandatory for new users. But, you need to complete min-KYC to use PhonePe wallet benefits.
Note: Regardless of your KYC status, cashbacks will be added to your PhonePe Gift Card balance. You can use this balance for making payments on the app.
| No KYC | Min-KYC | |
| Wallet Top-Up | X | YES |
| Wallet Withdrawal | X | X |
| Merchant Payments | YES | YES |
| Cashbacks (Gift Voucher) | YES | YES |
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