How do I exchange a reward I’ve received on PhonePe?

To exchange a reward that you’ve received:

1. Tap Rewards on your PhonePe app home screen. 
2. Select the relevant reward.
3. Tap Exchange.
4. Tap Exchange Now. 
5. You will receive a new reward. 

Note: Once you exchange your current reward, you cannot redeem or use it.

Learn more about why you may not be able to exchange your reward for a new one.