PhonePe casinos & apps for bets

How to bet on cricket and football with PhonePe

PhonePe has come a long way from a promising startup to a tool for digital payments with 2 billion transactions last year. And with the proliferation of online betting in India, it has also become a favoured payment option for many casino and betting fans.

So let us delve into this safe and fast digital payment method and explain how to use it with the most popular betting platforms in India.

In this review, we will see the pros and cons of making a deposit with PhonePe – and for those who already know what PhonePe has to offer, we will look at some of the alternative payment methods and their characteristics.

What is PhonePe: What you need to know about the payment method

But first, a reminder that behind the rise of PhonePe lies a truly remarkable story. In just half a decade, this startup, founded by Sameer Nigam and Rahul Chari in Bangalore and acquired by Flipkart in 2016, has grown into a proper behemoth with more than 250 million registered users in India.

It is said that 1 in 5 Indian citizens are actively using PhonePe – which is nothing short of amazing.

The reason for the success was, in part, that it was the first digital payment app for both Android and iOS devices based on UPI (United Payments Interface) in India. UPI is by far the most popular way the citizens of India pay digitally, and research tells us that almost 40 of that market share is due to PhonePe.

Furthermore, PhonePe can also serve as an e-wallet and thus speed up the payments. And this is something that bettors surely appreciate.

PhonePe casinos and apps: A successful combination

With all that in mind, let's see why the payment method has also gained popularity when it comes to online betting, and why more and more betting apps and online casinos are offering PhonePe as their preferred payment method.

Just from the top of our mind, here is a list of main features that make PhonePe an integral part of Indian online betting apps:

• There are no hidden fees or any surcharges.

When topping up your account, you don't need to worry about extra charges. The amount you wish to deposit is the amount that you will spend from your wallet.

• It is (almost) instant.

It usually should not take more than 15 minutes for the money to transfer to your account via PhonePe. Those who enjoy betting on live matches, for instance, will know what difference a minute or two makes.

• You don't see the PhonePe icon in the betting app? That still doesn't mean that it cannot be used.

Most of the online betting apps in India, if not all of them, will have UPI (sometimes shown as "Netbanking") as a deposit method. And seeing as PhonePe is an app and system based on UPI, that means you will be able to make a payment with it.

All that you need to know is follow the instructions and continue the process inside the app. We have provided a simple guide for you, so don’t fret yourself and just read on.

• It is secure, reliable, private and regulated.

Every transaction on PhonePe casinos must be validated using several authentication steps. Seeing as it will require your fingerprint or Face ID, your password and your UPI PIN, chances of someone misusing your account are almost non-existent. Moreover, PhonePe is regulated by Reserve Bank of India.

These are just some of the advantages of using PhonePe with the best online betting apps in India. In this article, we will also talk about some negative aspects of PhonePe.

How to create a PhonePe account in India

In order to make a deposit in the betting apps in India with PhonePe, you need to have an account – and that also means downloading and installing the application.

The app is available on Google Play Store (for Android devices) and AppStore India (for Apple phones).

On both of these services, it is one of the most popular banking apps.

When you install the app, you can register for an account. This is how you do it.

1. First, enter your phone number to receive a one-time-password. This 5-digit OTP is how you will verify your phone.
2. Create a Virtual Payment Address (VPA) – practically your username.
3. Select your bank and link your bank account. Kindly note that you will only be able to select a bank account that has previously been linked to your phone number.

How to pick the best PhonePe casino and betting app

We have dedicated a whole article on our website to finding the best online betting app, but it doesn’t hurt to go things over once again.

While this is an article on PhonePe, the deposit options shouldn’t be your primary concern. At least not for the time being.

• License: The first thing to look for is whether a casino is legitimate, i.e. if it possesses the necessary license for operating in India. This will also mean that it is secure for payments, including PhonePe. Once this dilemma is solved in the best possible way, there are other features that you should look for, like the payment methods and the bonuses.
• Deposit: Generally, the good betting and casino app will have a lot of payment methods available. You can check out our reviews on the website “Indian Betting App” and see whether an app supports PhonePe or UPI.
• Withdrawal: Don’t just look at the deposit methods – you will want a bookmaker that will allow you to withdraw your money whenever you want, and to do it fast. PhonePe is definitely up there when it comes to transaction speed.
• Bonus: When you have decided on the payment method, then it is all about the bonuses – pick a casino or a betting platform that offers a special welcome package for Indian players, so you can start enjoying what a casino has to offer without having to spend too much! (The bonuses come with wagering requirements… but that’s another story.)
• Games: Last but not least, the games! You do want to pick a casino or a bookmaker with many slots, live card games or sports competitions. For example, if you are crazy about cricket – as you very well should be, because it is indeed a beautiful game – choose an app that has special offers and dozens of markets for cricket matches.

The beauty of this payment is the ability to make various payments online. It doesn’t matter if you wish to buy gas for your car or pay a utility bill – PhonePe works great, as millions of Indians would confirm.

But right now, we are mostly interested in what you can do with PhonePe casino app when it comes to online betting. And to put it mildly – you can do everything, really.

As we previously pointed out, the best Indian casinos will allow you to top up your account using many methods. Moreover, you will receive a welcome bonus just for making your first deposit.

This is fairly important, as some of the alternative payment methods do not come with a bonus package – for example, some casinos will not grant you freebet money if you use cryptocurrencies.

This is just another reason why PhonePe comes in handy – pun intended! – and why it has become one of the top options for betting in India.

You may very well see that in our table of betting platforms that have support.

How to make a deposit with PhonePe

When a casino or a betting app supports PhonePe, topping up your account using this method is a piece of cake.

Seeing as you have already linked your bank account, PhonePe will take over and do the hard work for you – minutes later, you will have the money ready for some wagers or some spins in a casino.

Each betting app has a particular design, so there might be some nuances – we encourage you to check out our detailed honest reviews of Indian betting apps – but generally speaking, depositing via PhonePe is a hassle-free process.

1. Open the betting app and tap the “Deposit” or “Banking” button.
2. Choose PhonePe among the available deposit options.
3. Select the amount you wish to deposit. Depending on the design and interface of a betting and casino app, you might see the transfer limit. In our humble opinion – this should be mandatory, but alas, sometimes you just have to take a wild guess.
4. You will be redirected to your PhonePe account. If you are not logged in, you will be prompted to do so. Anyhow, use your UPI PIN, and the transaction will complete.

Deposit using PhonePe as a netbanking tool

So, you’ve been told that PhonePe is great for online betting and you’ve just installed a great betting app that we have reviewed? You eagerly tap the “Deposit” button and then you realize – there is no PhonePe on offer.

This does not mean that you cannot use it. On the contrary, the app will still make the job easier, if you follow these instructions.

1. Login to your betting app and find the deposit methods.
2. Select any option that says UPI – it might also be UPI/Netbanking. Once again, PhonePe is based on UPI, so you may safely proceed.
3. Enter the desired amount and tap on the PhonePe icon – or just enter your VPA (virtual payment address).
4. You will probably get a notification from your PhonePe app, prompting you to complete the transaction. Enter your UPI PIN and the money should be transferred soon.

Withdraw money using PhonePe

You are probably already familiar with that stipulation, but here it is again, just in case – in order to withdraw your money from Indian betting platforms, your account must be verified. That means that you need to complete a simple verification procedure (KYC) that usually involves sending proof of your ID and bank account to a bookmaker.

Once you have done this, you are good to go – and you’ll be able to withdraw your winnings using PhonePe or UPI.

Unfortunately, this might take a little longer – depending on the chosen UPI bank and a betting app, you may have to wait up to 48 hours for your money to show up in your PhonePe app.

Pros and cons of using PhonePe for online betting

Yes, PhonePe is practical and lighting fast, but even the best digital tools have their shortcomings. Some users will not like the withdrawal time, while others will yearn for a little more anonymity – the latter is something that PhonePe does not provide. Therefore, those casino lovers will probably stay clear of PhonePe.

For your consideration, we have also provided a list of alternative payment options, so scroll some more to find your next favourite banking app.

Still, if you ask our final verdict, we are giving two thumbs up to PhonePe and its utilization when it comes to online betting.

Alternative deposit and withdrawal methods in India

Yes, we like PhonePe, but that does not mean that it’s everyone’s cup of tea.

There are many payment options in Indian betting apps, and they all have their own pros and cons – it is up to you, as a customer and as a bettor, to find the one that works for you.

To give you a helping hand, we have provided a list of other popular payment options.

FAQ