PhonePe is an Indian digital payments and financial services company based in Bangalore, India. As of October 2020, the company has over 250 million registered users in India and 100 million monthly active users (MAU).
With this user base, it’s no longer surprising that many Indian casinos rely on PhonePe to complete their bettors’ transactions.
Before you register and play in PhonePe casinos, make sure to read this guide first. Then, we review PhonePe’s features and benefits and compare the top casinos that accept this payment option!
What is PhonePe?
Digital payments in India have been booming in recent years, with PhonePe as one of the payment players that benefit from this shift. With Google Pay and Paytm, PhonePe has been beefing up its services to address the growing need for a secure and reliable online payment solution.
PhonePe is based in Bangalore, India, and it’s a payments company founded in December 2015 by Sameer Nigam, Rahul Chari, and Burzin Engineer. In April 2016, Flipkart acquired PhonePe, and the PhonePe app went live in August of the same year. In three months after its launch, the app was available on the devices of over one crore Indian users. And by 2018, PhonePe became the fastest Indian-based app to earn a five-crore badge on the Google Play Store.
How to Pay and Deposit Using PhonePe?
PhonePe is easy to use and generally works like any other mobile app. But, first, interested individuals must download the PhonePe app from the Play Store or the App Store. After downloading and installing the PhonePe app, you can add a bank account, make an online payment, or change or reset the UPI PIN.
Add a bank account
After installing the PhonePe app, the first thing you’ll need to do is to add your bank account.
- Go to the “My Money” page, and under Payment Methods, choose “Bank Accounts.”
- Click the “Add New Bank Account” button and choose your bank.
- Then, the system will fetch your account details, and you’ll need to set up your UPI PIN.
- Provide your debit or ATM card details. You’ll need to provide the last six digits of your card and its expiry date.
- The system will then send an OTP so you can set the UPI PIN.
- Congratulations, your bank account is now active!
Paying with PhonePe
Paying with PhonePe using your mobile device is fast and easy:
- First, you’ll need to set your payment option by selecting PhonePe from the available payment options.
- Log in to your PhonePe account using your mobile number and a 4-digit password.
- The system will require you to add a bank account if you still need to link a bank account.
- Open the app and proceed to the “Notifications” section.
- You will notice a collect request from the merchant. Select the “Pay” button to proceed to payment.
- Provide your PIN to complete your PhonePe payment.
Play Casino Games Using PhonePe
Hundreds of online casinos accept Indian players, but only a few dozen will allow payments through PhonePe. If you’re just starting out, you can refer to our list of professionally-reviewed online casinos. We only review and rank reputable offshore licensed Indian casinos that allow deposits and withdrawals using PhonePe. Speaking of deposits, here are the basic steps you can follow when completing your payment:
- Log in to your casino account using your username and password.
- On your “My Account” page, click on the “Deposit” button and select “PhonePe” from the list of available payment options.
- Complete the online form by providing the deposit amount, your PhonePe name, and your number.
- Click on Next, and you’ll find the intermediary PhonePe account. It’s the number that will receive the deposited amount. Save this intermediary number in your contacts.
- Now, open your PhonePe account on your device.
- Select “Transfer” from the PhonePe page, and select the intermediary PhonePe number saved in the contacts.
- Confirm your deposited amount and pick your preferred payment option, like a debit or credit card.
- Click the “Send” button to complete your deposit.
- Congratulations, you’re now ready to wager real money!
Ideally, deposits using PhonePe will take minutes.
With over 250 million registered users, PhonePe is a reliable partner for casino payments. In addition to this impressive reputation, PhonePe also features private and confidential transactions. All payments are safe since each transaction requires the face ID/fingerprint, UPI PIN, and password.