₹10,000, without any KYC.“During covid, PhonePe has seen a surge in new-to-digital users as well as wallet activations and usage.
We have seen more than 50% growth in wallet usage and strong surge in new customers activating the wallet. There are multiple factors driving this surge including reluctance to handle cash, customers feeling safer with contactless commerce and convenience," said Hemant Gala, vice president, financial services and payments, PhonePe.“User growth has accelerated from 2 million per month to 3 million per month.