Understanding PEP Coins
PEP Coins are the digital currency of the PerksPe ecosystem, designed to provide a modern, flexible, and rewarding experience for employees. They bridge the gap between company recognition and real-world spending.
What are PEP Coins?
PEP Coins represent a secure digital value granted by your organization. Unlike traditional reward points, PEP Coins are designed for high utility and seamless integration with your PerksPe RuPay card.
| Feature | Description |
|---|---|
| Digital First | Instantly credited to your PerksPe wallet. |
| Real Value | Redeemable for goods and services at millions of merchants. |
| Non-Transferable | Restricted to your personal account for security. |
| Tax Efficient | Often used for tax-free perquisites like meal or fuel allowances. |
How to Earn PEP Coins
Coins are credited to your account based on your company's specific benefit programs and recognition cultures.
1. Structured Perks
Recurring benefits such as Food, Fuel, and Medical allowances are often distributed as PEP Coins on a monthly or periodic basis.
2. Milestone Rewards
Celebrate key life and career events:
- 🎂 Birthdays
- 🎊 Work Anniversaries
- 💍 Wedding Anniversaries
3. Incentives & Recognition
Managers can grant PEP Coins as spot rewards for outstanding performance, project completions, or peer-to-peer recognition.
Spending & Redemption
The true power of PEP Coins lies in their ease of use. 
The RuPay Advantage
Your PEP Coins are linked to your PerksPe RuPay card. When you make a purchase at an eligible merchant, your coins are seamlessly used to fund the transaction.
- Offline Spending: Swipe or Tap your physical card at merchant outlets.
- Online Spending: Use your card details for e-commerce transactions.
- UPI Integration: Link your card to supported UPI apps for scan-and-pay convenience.(Coming soon)
Monitoring Your Balance
Transparency is key to managing your benefits effectively.
- Homepage Wallet: View your current balance prominently on the PerksPe mobile or web dashboard.
- Transaction History: Access a detailed audit trail of every coin earned and spent (see Tracking Perk Transactions).
- Expiry Tracking: Clearly see if any coins have an upcoming expiration date.(Coming soon)
Pro Tip: If your balance doesn't update immediately after a new allocation, try refreshing the page or app once.
Summary: PEP Coins vs. Traditional Methods
| Feature | PEP Coins | Traditional Vouchers |
|---|---|---|
| Acceptance | Millions of Merchants | Restricted to few stores |
| Ease of Use | Single RuPay Card | Multiple paper/digital codes |
| Tracking | Real-time History | Manual tracking |
| Flexibility | Partial redemptions | Often use-it-all-at-once |