Mobile Wallet KYC

byPaytm Editorial TeamLast Updated: August 12, 2025

Definition

Mobile Wallet KYC is the process of verifying a user’s identity to comply with RBI guidelines for mobile wallet usage.

Key Features

  • Requires document submission or Aadhaar-based verification
  • Increases wallet transaction limits
  • Enables full wallet features like bank transfers
  • Can be done online or in person

It ensures security and compliance in digital payments.

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