To make payments secure and convenient there are many methods that are available today. From online banking to e-wallets, there are multiple options to choose from. There’s an option on this list that stands out. And that is UPI.
UPI is basically a better version of e-banking. And PhonePe has utilized that software model to create the most amazing payment experience for the people of India. Specifically, the iGaming industry in India has embraced this payment method making things better for everyone.
Today we’re going to take a look at PhonePe, what it is, how it works, how you can get started with it, and how you can deposit and withdraw funds. So, let’s get started then.
PhonePe is a digital payment method that was founded in 2015. It is available in 11 different Indian languages. This means no matter where a person resides in India, he/she can enjoy the services of PhonePe.
PhonePe utilizes the UPI (Unified Payment Interface) system. This allows for a seamless payment experience. Your information stays secure and payments are instant. It’s not like an e-wallet where you have a tokenized card or a virtual system for transactions.
The most unique thing about PhonePe is that you don’t require a bank account. Well technically you do need it, but it’s not needed directly to make payments. You set up your PhonePe account with the details of your bank account under a Virtual Payment Address (VPA).
PhonePe works very simply. Once you understand the process, you can explain it to a kid. There are just some things that need clarification since PhonePe uses UPI.
The way UPI functions is by using your bank account and setting up a profile with it. The PhonePe account that has been set up with your information will allow you to perform all the transactions easily. All you need for handling transactions is your QR code which is uniquely generated for your account.
We’ve said it before and we’ll say it once again. PhonePe does not send any information when you’re making payments online. What they send is the VPA that is set up under your name with your account. This keeps your information secure.
Using PhonePe you can pay for anything. It’s super convenient for the average Indian. And gamblers like it too because they can deposit and withdraw funds using PhonePe without any hassle. So, it’s a really great option for them.
So, if PhonePe has piqued your interest, you might want to start using it. It’s very easy and intuitive to use. Follow our guide to get started with PhonePe.
Once your PhonePe account is all ready to go you can use it to deposit funds to your casino account. Using PhonePe you can perform real money deposits to play at any casino in India. If you’re unfamiliar with the process of depositing, follow the steps here.
If you’ve followed the steps correctly, then the money should be in your casino account. Happy gambling!
Now that you’ve made some winnings from the casino, you might want to withdraw your winnings. You can use PhonePe to withdraw it easily. Just follow the steps here to withdraw your winnings.
And with that, you should have a clear understanding of how PhonePe functions. As you’ve seen here, depositing and withdrawing are not difficult at all. So, hurry up and get started with PhonePe today.
This has to be the greatest thing about PhonePe. They don’t charge any fees! You might think that this is a lie. But we assure you it’s not. As impossible as it sounds, PhonePe does not charge any fees to deposit or withdraw funds.
If you see any fees being deducted, it’s either the bank or the casino that you are using. Depending on whose services you secure, you might be charged different fees. Always make sure to check what fees might apply for transactions at the bank and also at the casino.
The bottom line is that you don’t have to worry about PhonePe deducting any fees. So, you can enjoy a free gambling experience in India.
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Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.