UPI or Unified Payment Interface has made our life easier than ever before. Now we don’t have to load money into wallet every time as with UPI, we can directly send or receive money in bank account that too without any extra fees. Though there are many such apps like Google Pay, Paytm, Phonepe, they all use same UPI interface to complete the user transactions.
Now if you are wondering, what is PhonePe wallet and how to use this wallet balance, then this article may be useful for you, so read it till the end.
What is PhonePe Wallet Balance?
We all know that Phonepe has been running the referral program since long time. So you get rewards once your referred friend does any transactions on phonepe app.
Now whatever rewards you get are in the form of cashbacks. Means, they don’t get added to your bank account directly, rather they are added in your phonepe wallet.
Similarly, many times you get cashback when you pay using phonepe on swiggy, zomato and other shopping sites. This cashback too, gets deposited into your wallet.
Important thing is, you can not withdraw your wallet balance into bank account. Then the question arises, what to do with this balance then?
Also See : How to Check UPI ID in Phonepe
How to Utilize Phonepe wallet balance?
So you can use your balance for doing recharges, paying bills, paying for online orders from Flipkart, swiggy, foodpanda, bookmyshow any many more. Just you can’t withdraw it to your bank account.
from SpyCoupon http://bit.ly/2UytqKE
SOURCE- spycoupon
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