PhonePe Referral Code: Get INR 200 On Every Referral

Last Updated on June 20, 2025 – by Lubhanshi Lamba

Every person in India has likely heard of PhonePe, a leading digital payment app. How does PhonePe add value to our lives? This application enables individuals to make safe and easy digital payments– people no longer need to carry cash or cards. Apart from digital payment services, PhonePe runs referral programs to target two birds with one stone— leads and user welfare. Users can share PhonePe referral code [ru_shubaxl7] to get exceptional discounts and rewards in this program. 

The goal of the PhonePe team is to provide seamless digital payments and align itself with India’s cusp of mobile revolution. They aim to change the way money is managed and facilitate these modifications of digital payments in today’s society. 

The PhonePe App was incorporated in August 2016 and offers various services to its customers. From investing plans to paying service bills, you can use this digital payment app for your convenience.

It has over 250 million registered users with a market share of around 40% in UPI transactions in India. PhonePe referral code or link is an ideal way for every individual to refer it to new friends and start earning from home. 

What is the PhonePe Referral Code? 

A PhonePe referral code is a unique combination of characters and numbers that enables existing users to invite new friends to download and use the app. It can be in the form of a link that allows both parties to earn cash prizes. 

When a new user signs up and completes his/her first transaction using your code or phonePe referral link. Both parties, the referrer and the new user, receive up to Rs. 200 in their PhonePe wallet. You can invite your friends, family, or even NRI acquaintances to join this platform and get unbeatable cash rewards. 

PhonePe Refer and Earn Program 

This earning opportunity rewards you with Rs. 200 when you invite your friends or others to join this app. When a new sign-up occurs with your referral code, and the first transaction is done. Existing users will get Rs. 200 in their wallet, and new users will receive cashback prizes up to Rs. 50. 

The referred user must be a “newbie” on the PhonePe app and complete their transaction within 15 days of signing up. This platform allows existing professionals to earn around Rs. 9,000 every month through the PhonePe referral code [ru_shubaxl7]. Note: Coupons and cashback prizes are non-withdrawable; you can use them for bill payments or shopping. 

Here are the PhonePe Referral Code Details

Products and Services Offered by PhonePe 

1. UPI Transaction: PhonePe promotes UPI transactions for instant money transfers between different bank accounts. It works 24/7 and requires a UPI ID or a QR code to make payments. Users can send or receive money instantly through PhonePe’s secure server. 
2. Bill Payments: PhonePe allows a hassle-free way to make bill payments. From gas bills to electricity payments, you can make instant transactions. Use UPI, debit card, or wallet for secure payment og utility bills. 
3. Investments: You can use the “PhonePe investment hub” to invest in mutual funds and 24K gold. This platform offers the right balance of risk and growth with personalised recommendations. You can choose from liquid, equity, debt, hybrid, and tax-saving funds, all powered by top fund houses. You can invest in SIPs in just a few clicks with digital KYC – no paperwork required. 
4. Insurance: From health to travel insurance, the PhonePe app is a one-stop solution to strengthen your financial plan with sale insurance. They shield your savings from unpredictable financial mishappenings. They provide economic security and ensure long-term peace of mind. Additionally, you receive legal protection against liability for your bike or car. 
5. Gold Investment: PhonPe provides utmost safety when buying 24K gold at market-linked prices. You can invest in gold from the ultimate comfort of your home and store it in a secured bank-grade locker. The platform features gold of the purest quality with a home-delivery option. 
6. Consumer Lending: No need to visit the bank, as PhonePe allows you to apply and get a loan in no time. It’s a transparent and paperless process to obtain a loan directly through your phone. PhonePe team is there 24/7 to solve your financial requirements. 

Benefits of the PhonePe Referral Program 

1. Cashback Rewards: Referrer can access Rs. 200 when the new user completes their first transaction after signing up through your PhonePe referral code [ru_shubaxl7] or link. The referee also receives a first-time transaction bonus of upto Rs. 50. 
2. No Referral Limit: PhonePe has no specified limit on the number of referrals per day or month. This allows you to invite various people at once and boost your reward power. You can earn thousands in a month through this referral program. 
3. Simple Procedure: The refer and earn program features a straightforward procedure or sharing your referral link with friends. They make a UPI payment, and both receive paperwork or face a long waiting time. 
4. Unlimited Rewards: Use the PhonePe referral link to earn scratchcards with random cashback amounts. They can range from Rs. 10 to Rs. 1000. This feature adds a piece of surprise and excitement to boost your motivation for referral earnings. 
5. Safe Digital Payment Platform: It is a secure payment app regulated by the RBI. PhonePe uses advanced security measures like multi-layer encryption and secure UPI authentication. Various people rely on this app to make regular payments.

PhonePe Affiliate Commission Vs Referral Earnings

PhonePe also boasts its affiliate program named “PhonePe PG Partner Program.” This program allows you to earn commission on every transaction made by the people referred to you. 

How to Signup on PhonePe with Referral code

1. Download the PhonePe app via the Google Play Store or the App Store.
2. Enter your phone number and verify it with OTP.
3. Sign up and type PhonePe referral code in the designated column of the “Refer and Earn” section. Or use the unique referral link to download the app. 
4. Link your personal or professional bank account by selecting your bank from the list and setting a strong UPI PIN. 
5. Complete your first UPI transaction and get up to Rs. 50 cashback in your PhonePe wallet. 

How to Refer the PhonePe App and Earn Rewards as an Existing User?

It’s a straightforward procedure of sharing your referral code with friends and earn multiple cashback rewards. You can focus on these steps to success in the referring game. 

1. Open the PhonePe app on your mobile device and enter your security PIN.
2. Head to the “my profile” section and tap on the “referral code” in the top right corner. 
3. The referral code is present there with a list of contacts who haven’t installed PhonePe on their phone. 
4. Copy the PhonePe referral code and share it on your preferred channel. 
5. Once your friends or family use the PhonePe referral link to sign up and make their first UPI payment, you will get a cash reward of Rs. 200 in your PhonePe wallet. 

Terms and Conditions of the PhonePe Referral Program

1. Definition: This refer-and-earn program falls under “PhonePe Earn,” which allows you to earn electronic gift vouchers when you refer this app to others. When the new user joins this platform with your code and meets the conditions, you get your reward. 
2. Eligibility: You must be an adult and eligible to enter into a legally binding agreement. You are eligible to access the PhonePe app in any manner. However, the information you provide to referees must be 100% true as per the app. 
3. Genuine Referrals: You are required to refer real people and not yourself. It is prohibited to create multiple accounts or use fake emails or phone numbers to deceive the PhonePe team. It is mandatory to provide us with accurate and honest information. 
4. Rewards Condition: You will get the Rs. 200 credit in your wallet only if the referral meets all the terms and conditions. They need to sign up using your referral code and make the first payment within 15 days of account opening. 

PhonePe Invite Code 

Why do referrals receive the most reward, while new users are left with nothing? That’s not entirely accurate, as the PhonePe Invite code allows new users or referees to earn cashback prizes worth up to Rs. 50. To receive these rewards, they must sign up using their email or phone number and make their first UPI payment. 

This invite code is a combination of a unique alphanumeric code that is mentioned in the existing user’s PhonePe account. This code allows new users and referrals to earn rewards when the referee signs up and completes their UPI transaction. 

Benefits of the PhonePe invite Code

1. Sign up Reward: New users receive cashback of up tp INR 50 after signing up with the referral code/ link and making their first-ever UPI transaction through PhonePe. 
2. Discount Offers Access: Newbies of the PhonePe app can access exclusive member offers like cashback on recharges, bill payments, and shopping. They are limited-time teals to boost your savings right from the start. 
3. Safe Start: It’s a trusted platform to start your financial journey digitally. The invite code strengthens the deal with bank-level encryption, UPI-based payments, and a user-friendly interface.
4. Complimentary Access: Sign up using the invite code and use PhonePe for free. There are no hidden charges or fees for using the app. You can send money and earn rewards from PhonePe. 

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