PhonePe Online Casinos

Indian online casino players have had at their disposal several great payment methods at their disposal over the past few years, but when PhonePe appeared, it stole the spotlight immediately. That’s because the solution is one of the most sophisticated and modern digital payment solutions in the country, that was an instant hit with local Indian users the minute it launched. Since UPI transactions are at its core, it allows you to effortlessly transact online in your local currency, the rupee. It is already a well-established and available solution across Indian online casinos for many other reasons, so stay with us to learn all about them. Why decide to use PhonePe across Indian online casinos?

About PhonePe

Headquartered in Karnataka, India, PhonePe is a FinTech company specializing in digital payments and financial services, founded in 2015. Its cofounders Rahul Chari, Sameer Nigam, and Burzin Engineer set out on a mission to create an app that would be based on UPI and greatly facilitate transactions via mobile devices for Indian citizens. They started creating the app, and after the company was acquired by Flipkart in April, the mobile wallet app PhonePe was launched in August 2016.

The digital wallet and payments app was an instant hit with Indians, who were lacking the option to make effortless online transactions in just a few taps on their mobile devices. The app launched on Google Play and Apple App Store in 2017, and by 2020, it became the biggest driver of UPI transactions, with over 500 million users. Thanks to Coronavirus, banking on mobile devices saw a growth, with PhonePe at the forefront of India’s digital journey, so it should not come as a shock to learn that over 25 million merchants are offering it as a payment option to their users.

With the app, users can perform all kinds of financial transactions, like recharging mobile, sending and receiving funds, of course, paying for utilities, shopping, split expenses in groups, and even enjoy lending and insurance, among other things. Add to that the fact that the company behind it is also behind the Indus Appstore, and there you have one of the many reasons behind its wide availability across India.

To ensure trust, the company encrypts all data that goes through it and has ensured to make it PCI DSS compliant, so you can sit back and relax knowing that your funds are 100% secure with it. As if that wasn’t enough, in addition to UPI, you can use another popular Indian payment method like NetBanking with it, as well as regular credit/debit cards. That’s one more reason to consider using it for online casino deposits and withdrawals.

Speaking of online casino transactions, you should know that the solution is already offered as one of the best local methods across top Indian online casinos. The fact that it went international in the meantime, thanks to UPI going international, is what made it accessible to Singaporean, Nepalese, Sri Lankan, and UAE players, and only further increased its popularity across global online casinos. Nevertheless, it is still a solution that focuses on the Indian market the most, and that's why in this article, we'll guide you through the steps on how to use it as an Indian player across online casinos. Follow our lead.

Getting Started with It

Even though the solution is now offered in four other countries for some services, it is still focused on catering to Indians. Therefore, to get started with it, you must be an Indian resident, regardless of your state. Among other conditions to meet to be eligible to use it, you have to have a mobile device, of course, with an active mobile phone number, and to have a bank account. Now, you can have an account with any leading bank in India, be that ICICI or Axis, for example, therefore, as long as you do, you’re good to go.

It won't be bad to already have a UPI ID, too, but even if you don't, you can still create one via the PhonePe app, and we’ll tell you how. So, let’s start from the beginning, and guide you on how to get started with the solution. First, download its native app from the Indus Appstore, Google Play, or Apple App Store, respectively. Install it and enter your 10-digit phone number in the appointed field. It would be best if that is the same phone number you used when you registered your bank account, to be instantly eligible to use the UPI service through it, but again, there are ways to update this. From here, you will receive an SMS with an OTP, and then you'll be prompted to create a 4-digit password. As soon as you confirm it in your app, you can start using the solution.

Now, about adding a bank account. You will need to go to the My Money page in your app and press Payment Methods. Go to the Add New Bank Account field and with that, the solution will link that bank account to your wallet. You’ll be prompted to add the expiry date and last six digits of your debit/ATM card, and you will receive an OTP again, this time to create a UPI PIN. You will need this PIN for each transaction you’re requesting with the solution, so create one that you’ll easily remember.

To start using it, you will need to join an online casino that accepts Phone Pe. Select it as your payment method and enter your mobile phone number and 4-digit password to get access to the solution. Set the amount you wish to deposit, go to your app to press Collect, and use your UPI PIN to authenticate it. That would be it! So, if you're ready, let's go over the steps you need to take when transacting with it at an actual online casino, in the next section.

How to Deposit at Online Casinos with PhonePe?

Online casinos and sportsbetting are extremely popular among Indian players, and their rapid growth driven by India has ensured that top online casinos out there accept Indian players. The best part is, that most, if not all, of those online casinos, accept PhonePe as an option for deposits and withdrawals. So, all you have to do is check out a few options and then select the site to join.

As prompted, enter the necessary personal details, usually a simple email address and full name, and register your player account with your chosen online casino. To fund your registered player account with PhonePe, go through these intuitive steps:

1. Enter your registered player account with the casino and visit the Payment Methods page.
2. Find PhonePe on the list of offered Deposit Methods and press its logo.
3. In the appointed fields, enter your phone number and 4-digit code.
4. Specify how much you want to deposit.
5. Go back to your app and press Collect.
6. Press Pay and enter your UPI PIN, and watch the funds arriving in your balance in an instant.

How to Withdraw Winnings with It?

We mentioned that you can both send and receive money with the app, so let's go over the withdrawal procedure now. You will see that withdrawing with PhonePe is extremely effortless if you follow the easy steps.

Find the solution on the list of accepted Withdrawal Methods once you get to the Payment Methods page and select it. Set the amount you wish to get transferred to your mobile wallet and enter your UPI PIN/ID or mobile phone number. After you confirm the request, you will need to wait about 24 to 48 hours for the casino to approve it. As soon as that happens, the money will instantly reach the bank account that is linked to your UPI PIN/ID or wallet.

Fees and Limits

Even though the solution does not charge any fees for UPI transactions, and by default, your deposits and withdrawals with it are fee-free, you must double-check whether your online casino charges any fees or not.

Some operators do, because they have to pay to offer its services, so you might be faced with 0.5% to 1.1% fees when transacting with it to and from online casinos, depending on the service you choose to use through the mobile wallet.

Allowed Countries

PhonePe is a local Indian payment method and that's why you must be an Indian citizen in order to enjoy all of its services. Some services, as mentioned, are now offered in Sri Lanka, the United Arab Emirates, Singapore, and Nepal, but all of them are offered in India only.

As an Indian online casino player, you can rest assured that you will find it across top Indian online casinos, to perform all kinds of transactions with it.

Accepted Currencies

The Indian rupee is the default currency when using PhonePe, obviously, since the solution is focused on the Indian market. Therefore, if you join an online casino that also accepts rupees, you will be able to enjoy conversion fee-free deposits and withdrawals with it.

Now, since UPI transactions can be processed across four other countries, users from those countries can transact in their local currency, too. Therefore, the United Arab Emirates dirham, the Sri Lankan rupee, the Singaporean dollar, and the Nepalese rupee are also options for the locals in these countries.

Helpful links:

• PhonePe official website
• About page
• UPI Terms and Conditions