How do I activate the PhonePe Wallet, and what are the steps involved in getting it up and running? Are there any eligibility requirements or documents needed to enable the wallet feature? Also, does it require full KYC verification, or can it be used with limited functionality without KYC?
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To activate your PhonePe account-
1.) Open PhonePe application
2.) Click on your profile picture
3.) Click on PhonePe Wallet
4.) Then click on activate wallet
5.) Enter the OTP that you received on registered mobile number.
To open a PhonePe wallet, you need a valid mobile number, and you’ll also need to complete the KYC (Know Your Customer) process. This involves providing details like your full name, date of birth, address (both current and permanent), and a photo of yourself.
You can activate PhonePe wallet with minimal KYC verification.
To activate the PhonePe Wallet, open the app, go to the Wallet section, and tap “Activate Wallet.” Verify your mobile number linked to your bank, and you’re good to go for basic use. For full access and higher limits, complete KYC using your PAN and Aadhaar. Without KYC, you can still receive cashback and make small payments, but limits apply. Full KYC unlocks all features.