Cashback and Rewards
PhonePe regularly runs cashback offers for recharges, bill payments, UPI transfers, and online shopping.
How to earn:
- Mobile Recharges: Get ₹10–₹50 cashback on recharges using UPI or Wallet.
- Electricity, DTH, Gas Bills: Often offers 5–10% cashback for first-time users.
- UPI Transactions: Send money to new users, and both of you can get rewards (₹10–₹100 scratch cards).
- Partner Offers: Check the “Offers” section for brands like Swiggy, Myntra, Flipkart, and Zomato.
Refer & Earn Program
PhonePe’s Refer and Earn feature lets you make money by inviting new users.
Steps:
- Open PhonePe → Tap on “Invite & Earn”.
- Share your referral link via WhatsApp or SMS.
- When someone installs and makes their first UPI transaction using your link, you earn ₹100 (varies by campaign).
Earning potential: If you refer 10 people a month = ₹1000 or more.
Earn Through Mutual Funds & Gold Investment
PhonePe has an investment section — you can earn returns by investing.
Options include:
- Mutual Funds: SIPs start from ₹100. Long-term gains can be 10–15% annually.
- Digital Gold: Buy 24K gold, and its value increases over time.
You don’t earn instantly — but it’s a real investment-based earning method.
Merchant Cashback (for Shop Owners)
If you have a small business, you can use PhonePe Business.
Benefits:
- Accept payments via QR code.
- Earn cashback or incentives on the number of successful transactions.
- Get settlements instantly to your bank account.
♂️ Example: If 100 customers pay you daily, you may earn ₹200–₹500 in monthly rewards.
PhonePe Switch (Partner Apps)
PhonePe has a feature called Switch, which lets you use other apps (like Ola, Domino’s, Flipkart) without leaving PhonePe.
How it helps you earn:
- Use these apps via PhonePe to get extra cashback.
- Participate in games, contests, and promotional events (like lucky draws, spin-the-wheel).
Trading via Share Market (PhonePe Share Market)
Recently, PhonePe launched Share.Market, a stock trading platform.
Ways to earn:
- Buy & Sell Stocks: Profit from market movement.
- Invest in ETFs or Mutual Funds: Long-term compounding gains.
⚠️ Note: This involves risk — learn stock trading before investing.
Seasonal Offers & Campaigns
PhonePe celebrates special events like:
- Diwali Cashback Bonanza
- New Year Offers
- Independence Day Reward Programs
These offer limited-time cashback on payments, shopping, and investments.
Avoid Scams
Many fake “PhonePe earning apps” or “PhonePe money links” online are fraudulent. Always:
- Use the official PhonePe app only.
- Never share OTP or UPI PIN.
- Do not believe in fake “PhonePe job” offers.
Summary: Easy Ways to Earn from PhonePe
| Method | Type | Potential Earning |
|---|---|---|
| Cashback & Rewards | Instant | ₹10–₹100 per transaction |
| Refer & Earn | Short-Term | ₹100 per referral |
| Investments | Long-Term | 10–15% yearly returns |
| Merchant Payments | Monthly | ₹200–₹500 |
| Partner Apps (Switch) | Variable | ₹10–₹200 |
| Stock/Gold Investment | Long-Term | Based on market |