PhonePe KYC

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theyll probably stop you loading your wallet and transfering your wallet balance into your bank acccount.

thisis fuckedup, non ahdaar kyc only lets you transact 10k per month whereas adhaar kyc lets you uotp 1lakh per month
 
just curious. isn't 10k more than enough for wallet related transactions? 😀
 
Yesterday i tried to add some amount to Amazon pay to buy a product with discount.
It asked for Aadhaar id or other id for KYC to proceed further.
I was left with no choice so i did kyc thru Aadhaar
 
Sushubh said:
just curious. isn't 10k more than enough for wallet related transactions? 😀
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just for wallet payments its fine but I do send money to dad and sister regularly. that easily crosses 10k. oh, maybe they don't come under wallet transactions? its so complicated
 
Upi doesn't require kyc. Tez has no wallet component so no kyc nonsense. It directly send all benefits to bank account. Kept it simple.
 

So..... if I don't do KYC (Aadhaar/ any other document), still will I be able to do Wallet transactions (without money transfer to other wallets) under 10K?
 

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