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.

You May Also Like

UPI Fraud PreventionLast Updated: July 16, 2025

Definition UPI Fraud Prevention includes all strategies and user behaviors aimed at protecting UPI users from unauthorized transactions.…

What is a GM (General Manager)?Last Updated: October 14, 2024

GM: Full Form and Meaning  The full form of GM is General Manager. A general manager is a…

BHIMLast Updated: July 11, 2025

Introduction BHIM is a government-developed UPI mobile application that enables fast, easy, and secure digital payments directly from…

Net BankingLast Updated: August 12, 2025

Definition The full form of Net Banking is Internet Banking. It allows customers to access and manage their…

Bank StatementLast Updated: August 19, 2025

Meaning A Bank Statement is an official record issued by a bank that shows all transactions in a…