diff --git a/src/CONST.js b/src/CONST.js
index e8c1c270fc4b..9a7f7ef637f3 100755
--- a/src/CONST.js
+++ b/src/CONST.js
@@ -87,6 +87,7 @@ const CONST = {
         PAY_WITH_EXPENSIFY: 'payWithExpensify',
         FREE_PLAN: 'freePlan',
         DEFAULT_ROOMS: 'defaultRooms',
+        BETA_EXPENSIFY_WALLET: 'expensifyWallet',
     },
     BUTTON_STATES: {
         DEFAULT: 'default',
diff --git a/src/libs/Permissions.js b/src/libs/Permissions.js
index 7063273b245c..86fd6a5fa394 100644
--- a/src/libs/Permissions.js
+++ b/src/libs/Permissions.js
@@ -51,10 +51,19 @@ function canUseDefaultRooms(betas) {
     return _.contains(betas, CONST.BETAS.DEFAULT_ROOMS) || canUseAllBetas(betas);
 }
 
+/**
+ * @param {Array<String>} betas
+ * @returns {Boolean}
+ */
+function canUseWallet(betas) {
+    return _.contains(betas, CONST.BETAS.BETA_EXPENSIFY_WALLET || canUseAllBetas(betas));
+}
+
 export default {
     canUseChronos,
     canUseIOU,
     canUsePayWithExpensify,
     canUseFreePlan,
     canUseDefaultRooms,
+    canUseWallet,
 };
diff --git a/src/pages/settings/InitialPage.js b/src/pages/settings/InitialPage.js
index f806b55d0696..834420ee204f 100755
--- a/src/pages/settings/InitialPage.js
+++ b/src/pages/settings/InitialPage.js
@@ -28,6 +28,7 @@ import withLocalize, {withLocalizePropTypes} from '../../components/withLocalize
 import compose from '../../libs/compose';
 import CONST from '../../CONST';
 import DateUtils from '../../libs/DateUtils';
+import Permissions from '../../libs/Permissions';
 
 const propTypes = {
     /* Onyx Props */
@@ -74,6 +75,9 @@ const propTypes = {
         availableBalance: PropTypes.number,
     }),
 
+    /** List of betas available to current user */
+    betas: PropTypes.arrayOf(PropTypes.string),
+
     ...withLocalizePropTypes,
 };
 
@@ -85,6 +89,7 @@ const defaultProps = {
     userWallet: {
         availableBalance: 0,
     },
+    betas: [],
 };
 
 const defaultMenuItems = [
@@ -131,6 +136,7 @@ const InitialSettingsPage = ({
     policies,
     translate,
     userWallet,
+    betas,
 }) => {
     const walletBalance = numberFormat(
         userWallet.availableBalance,
@@ -207,7 +213,7 @@ const InitialSettingsPage = ({
                                 iconStyles={item.iconStyles}
                                 iconFill={item.iconFill}
                                 shouldShowRightIcon
-                                badgeText={isPaymentItem ? walletBalance : undefined}
+                                badgeText={(isPaymentItem && Permissions.canUseWallet(betas)) ? walletBalance : undefined}
                             />
                         );
                     })}
@@ -239,5 +245,8 @@ export default compose(
         userWallet: {
             key: ONYXKEYS.USER_WALLET,
         },
+        betas: {
+            key: ONYXKEYS.BETAS,
+        },
     }),
 )(InitialSettingsPage);
diff --git a/src/pages/settings/Payments/PaymentsPage.js b/src/pages/settings/Payments/PaymentsPage.js
index 0958973677e8..92202ca6f6a6 100644
--- a/src/pages/settings/Payments/PaymentsPage.js
+++ b/src/pages/settings/Payments/PaymentsPage.js
@@ -1,5 +1,7 @@
 import React from 'react';
 import {View} from 'react-native';
+import {withOnyx} from 'react-native-onyx';
+import PropTypes from 'prop-types';
 import PaymentMethodList from './PaymentMethodList';
 import ROUTES from '../../../ROUTES';
 import HeaderWithCloseButton from '../../../components/HeaderWithCloseButton';
@@ -16,15 +18,20 @@ import {PayPal} from '../../../components/Icon/Expensicons';
 import MenuItem from '../../../components/MenuItem';
 import getClickedElementLocation from '../../../libs/getClickedElementLocation';
 import CurrentWalletBalance from '../../../components/CurrentWalletBalance';
+import ONYXKEYS from '../../../ONYXKEYS';
+import Permissions from '../../../libs/Permissions';
 
 const PAYPAL = 'payPalMe';
 
 const propTypes = {
     ...withLocalizePropTypes,
+
+    /** List of betas available to current user */
+    betas: PropTypes.arrayOf(PropTypes.string),
 };
 
 const defaultProps = {
-    payPalMeUsername: '',
+    betas: [],
 };
 
 class PaymentsPage extends React.Component {
@@ -103,7 +110,9 @@ class PaymentsPage extends React.Component {
                         onCloseButtonPress={() => Navigation.dismissModal(true)}
                     />
                     <View>
-                        <CurrentWalletBalance />
+                        {
+                            Permissions.canUseWallet(this.props.betas) && <CurrentWalletBalance />
+                        }
                         <Text
                             style={[styles.ph5, styles.formLabel]}
                         >
@@ -141,4 +150,9 @@ PaymentsPage.displayName = 'PaymentsPage';
 
 export default compose(
     withLocalize,
+    withOnyx({
+        betas: {
+            key: ONYXKEYS.BETAS,
+        },
+    }),
 )(PaymentsPage);