On this page, we will run through what PhonePe is, how it works, and how to use it for depositing and withdrawing money on online gambling sites in India.
But many people may want to use a payment provider from India, making PhonePe one of the leading options that are available in the country.
For those yet to sign up with PhonePe, though, it might be difficult to know where to start. This is why we have put together the following complete guide to using PhonePe from India.
Despite only being founded about five years ago, PhonePe has quickly grown into one of the biggest companies in India in the online payments sector.
Indeed, according to Comscore research, PhonePe is now in the top 10 most trafficked platforms, showing just how widely it has been adopted in India.
Over 10 million offline and online merchant outlets in India are signed up to PhonePe, with the vast majority of the country's betting sites and online casinos included in this list.
How new PhonePe is should not put people off from using it to make deposits and withdrawals, as the company has won various awards.
Among the prizes given to PhonePe in recent years include the Best Mobile Payment Product or Service Category at the IAMAI India Digital Award in 2018. In the same year, PhonePe also won the SuperStarUp Asia Award.
Using PhonePe on a betting site or an online casino in India should not be a difficult process to go through, especially as so many people in the country already have a PhonePe account.
Those who do not have a PhonePe account, though, will need to sign up for it first. Due to the fact that PhonePe works off an app, users will need to grab the PhonePe app for either iOS or Android devices - it is available from the App Store and from the Google Play Store too.
Signing up is quick and easy and once that process is complete, users can link their PhonePe account up to their online casino and online betting sites. This can be done through the cashier section of the site, by following the on-screen instructions.
Once this has been done, depositing into the account with PhonePe is the next step to take.
Depositing with PhonePe is a popular choice for those joining online casinos and betting sites in India, with its ease of use one of the top reasons to select it over alternative payment providers.
The cashier sector of your chosen online operator will list PhonePe, as long as it is one of their available payment options, so select that to move forward with the deposit.
Select how much money you want to deposit and hit confirm, which will process the transaction.
The money should appear in your account automatically, resulting in players being able to place their bets on the biggest event of the day, or try their favourite online casino games, right away.
Withdrawing with PhonePe should be quick and easy for users who select this online payment method from their chosen casino or betting site too.
It will typically be the case that players will have to withdraw using the same method they used to make a deposit. This is a result of money laundering prevention that is in place.
PhonePe is used via the UPI payment gateway, which in the vast majority of cases means that it will be free of extra costs. It is important to note that there is no chance of breaking India's strict laws on currency conversion due to the fact that PhonePe can be used in rupees.
Using PhonePe on a betting site in India has plenty of positives, including the following:
Along with the above pros, using PhonePe on a betting site in India has the following cons:
With 200 million people using PhonePe, it is a very popular option to make deposits and withdrawals at online casinos and betting sites in India.