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As a UPI-based payment app, PhonePe is a popular online casino banking method in India. We’ve found several well-known casino brands that accept transactions from PhonePe. To help you narrow down the search, we deliver our list of the best PhonePe online casinos. Some of the names are 1xBet, Casumo, and LeoVegas.
New customers. Opt-in required. 20 Bonus Spins on “Sahara Riches Cash Collect” at 10p per spin and 100% Deposit Bonus up to £25 on first deposit (payment method and play restrictions apply). Min. deposit £10. 30x wagering for Bonus Spins and Deposit Bonus (game weighting applies). Max. £5/spin or £0.50/line. 30 days expiry.
New customers. Opt-in required. 20 Bonus Spins on “Sahara Riches Cash Collect” at 10p per spin and 100% Deposit Bonus up to £25 on first deposit (payment method and play restrictions apply). Min. deposit £10. 30x wagering for Bonus Spins and Deposit Bonus (game weighting applies). Max. £5/spin or £0.50/line. 30 days expiry.
Free spins may not be available in all countries and are automatically credited to players residing in eligible countries upon registration. Registration Free Spins and/or bonuses have a maximum cash-out of $100.00. To receive Free Spins & Match Bonus deposit offers, players must deposit a minimum of $25.00 and select "with bonus" during the funding process. Bonus Terms & website Terms & Conditions apply.
Company Name:
PhonePe
Headquarters:
Bangalore, India
Established:
2015
PhonePe is a mobile payment service created by an Indian fintech company of the same name. The company was established in December 2015. A year later, Flipkart, an Indian e-commerce giant, acquired PhonePe. The PhonePe app was introduced in 2016. The service uses the Unified Payment Interface (UPI). PhonePe was the first company that launched a UPI-based third-party app. So, the PhonePe app hit the market only four months after the National Payments Corporation of India (NPCI) introduced the UPI system.
The company is licensed by India’s central bank (RBI) and is PCI DSS certified (PCI DSS v3.2.1) by SISA, a global payment security specialist. PhonePe quickly became very popular and widely adopted. It was the first UPI-supported app that had over 10 million downloads in 2017. The app was even rated the #1 finance app on both App Store and Google Play. PhonePe, therefore, became the key driver of UPI transactions across the country.
In 2017, PhonePe managed to process more transactions than BHIM, a state-supported payment app. The same year, the system even succeeded in handling over 1 million transfers a day. In 2020, the company introduced PhonePe ATMs and became the fastest-growing fintech in the country. The same year, Flipkart, owned by Walmart, spun off PhonePe into an independent entity that received more than $700 capital from Walmart. Flipkart decided to make such a move to help PhonePe maximize its potential and get greater operational autonomy.
PhonePe is a payments app that allows you to use various payment services to make online and offline transactions. The app supports BHIM UPI, credit and debit cards, or e-Wallet. You can use any of these channels to make all sorts of payments. From recharging your mobile phone bill to making instant payments at your favorite online and offline shops. You can even buy insurance products and invest in various Mutual Fund solutions.
In April 2021, NPCI released a report saying that PhonePe had over 1.18 billion transactions on the UPI platform. It means that PhonePe is a leader among third-party UPI payment platforms, surpassing Google Pay and Paytm. The homegrown fintech now has a 46% market share of the UPI ecosystem.
To start using PhonePe at online casinos, first, you need to install the app and register an account. The procedure is simple. Download the app from Google Play or App Store and verify the mobile number. Provide personal information like name, surname, email, and create a unique 4-digit password. Activate the wallet. Before linking your bank account or bank cards to the PhonePe account, you need to make a new Virtual Payment Address (VPA). Then go to the My Money section and add your bank account. The app will automatically fetch the details and connect them to the app. If you wish to use bank cards, enter the last 6 digits from the card number and expiry date. Finally, set up the UPI PIN you’ll use for confirming transactions.
PhonePe deposits at online casinos are quick and easy. Visit the cashier section, and select PhonePe as a deposit method. The service can also be listed as UPI/PhonePe. Click on the logo and enter the amount you want to deposit. Log into your PhonePe account using a 4-digit password. Chose the bank account or a bank card and type the UPI PIN to finalize the payment. Keep in mind that PhonePe can be used in two ways. It can be a link between your bank and online casino balance allowing direct transactions. Or it can be an e-Wallet you need to fund before you visit the banking page. Both ways enable hassle-free deposits.
PhonePe online casino withdrawals are similarly easy. Go to the banking page and select PhonePe as a preferred withdrawal method. Enter the amount you want to cash out and log in to PhonePe. You’ll need VPA (Virtual Payment Address), UPI ID and UPI PIN to authenticate the withdrawal request.
Yes, you will be able to withdraw your winnings with PhonePe. We’ve already explained the process above. However, keep in mind that you may see NetBanking or simply UPI at some online casinos instead of a distinctive PhonePe logo. If this is the case, don’t worry. PhonePe is a service that uses the UPI platform to facilitates transactions.
PhonePe deposits are instant. This is one of the main benefits of using UPI-based services. They act as a direct link between the casino balance and your bank account, allowing real-time transfers. Withdrawals are also quick, but in most cases, you’ll need to wait a bit longer as each casino has its pending period. Once your withdrawal request has been approved, you’ll receive the money immediately.
The service doesn’t have any fees for depositing and withdrawing funds from gaming sites. Online casinos also don’t charge players for using PhonePe to fund the casino balance. However, be aware that your bank may apply a nominal fee for UPI transactions. And, of course, we recommend you to visit the casino’s Terms and Conditions and banking page to double-check. Exceptions always exist, so make sure to prevent unpleasant surprises.
PhonePe has 24/7 customer support. To send a message, you first need to log in PhonePe Help Center. Just provide your mobile phone number, and you’ll be able to report your issue in minutes. If you’d like to speak to an agent, call 080-68727374 / 022-68727374. But, you can also email them directly using [email protected]. The customer support response time is within 24 hours.
PhonePe is an ideal casino payment method for many gamers in India. First, it utilizes the UPI platform that enables direct transactions. So, deposits are instant. Second, PhonePe is a secure banking solution fully regulated and supervised by India’s central bank. The app is PCI DSS compliant and holds ISO 27001 certificate. Also, you don’t need to provide bank account details each time you deposit with PhonePe. The app remembers the details, ensuring an intuitive user experience. You’ll be using VPA for transactions, so no need to worry about security.
Next, the app meets all your banking needs enabling various services. You can send and receive money 24/7, which allows you to have uninterrupted gameplay anytime, anywhere. The app is user-friendly, providing even a chat feature allowing you to communicate with other users. It’s available in multiple local Indian languages. And, finally, forget about fees. PhonePe has none. But, we advise you always to recheck.
