PhonePe Casinos

The more Indian players started joining online casinos, the more operators started offering them convenient payment methods like PhonePe to use for their deposits and withdrawals. Local payment methods are rarely on offer across online casinos, but Indian players are in luck since most Indian-catering online casinos offer PhonePe, the digital wallet, and app that allows them to make effortless and instant deposits and withdrawals in their native currency, the Indian rupee. If you're an Indian player in the search for the most perfect solution to use, you're on the right page. Stay with us to learn more about this solution, and you'll see that you'll want to give it a try right away. What is PhonePe and why use it across Indian online casinos?

About PhonePe

Launched in August 2016, PhonePe is a leading digital wallet and payments app that allowed Indians to transition towards a cashless economy. The FinTech company behind it, based in the Indian state of Karnataka, launched it as its flagship product, even though throughout the years it also expanded into other financial services, such as insurance, wealth and lending, among others.

The finance app appeared on Google Play and Apple App Store in 2017, around the same time the solution became the largest driver of UPI transactions. By 2020, the solution had over 250 million registered users, a number that doubled by 2023. Over 25 million merchants are offering it to their users already, and the solution has already processed over 2 billion transactions, which speaks volumes about its popularity in India.

However, as of 2024, PhonePe UPI went international, so now it is also available in Sri Lanka, Nepal, Singapore, and the United Arab Emirates. The same year, it became the top-rated app on the Apple App Store, which goes to prove that it is one of users’ favorite payment apps. It continues partnering up with technology companies to deliver high-quality services to users, therefore, you can rest assured that if you choose to give it a try, you won’t make a mistake.

Given its success locally, the solution quickly got offered across the top online casinos that cater to Indian players. The fact that it allows online casino operators the option to offer players a wide range of payment methods through it, including UPI, NetBanking, and credit & debit cards, is what makes it the ideal method to offer to Indian players. Add to that the fact that it is completely safe to use, as it is PCI DSS compliant and offers data encryption, ensuring 100% secure transactions, and there you have it, the best banking method to use as an Indian player.

So, if you wish to know how to get started with it and use it to make your deposits and withdrawals with it across the great number of online casinos that offer it, make sure you continue reading, as you’ll read all about the procedure in the next section.

Getting Started with It

The first thing we should tell you right away is that you need to meet the eligibility criteria. Even though the international UPI service is offered in the four more countries that we mentioned earlier, the solution is still offered locally mostly, so you need to be an Indian player in order to be eligible to use it.

The second condition to meet is to have a bank account with one of the leading Indian banks. Be that ICICI, YesBank, or Axis Bank, for instance, as long as you have an account, you're good to go. You are probably a UPI user, meaning you have your UPI ID. But, even if you've never used UPI and you wish to have your ID or PIN, you can do it once you get started with the solution.

So, let’s not skip steps. To get started with the solution, of course, you need to download its app. Go to Apple App or Google Play Store, download and install it to your mobile device. Enter your 10-digit mobile phone number, preferably the same phone number you have registered with your bank account, to be able to enjoy the UPI service. You will receive an OTP number via SMS, to create your 4-digit password needed to access your app later on. Confirm it in the app and with that, your wallet is successfully created.

Next, go to the My Money Page, and under Payment Methods, press Add New Bank Account. PhonePe will get your account details instantly, and link the account to your wallet. From here, you will be prompted to set up a UPI PIN. Then, you will need to enter the last six digits of your debit/ATM card and the expiry date, from where you’ll receive an OTP to set your UPI PIN. With that, not only have you added a bank account successfully but you’ve also created your UPI PIN, which you’ll use whenever transacting with the solution for authentication.

Now, let’s see how to use it to pay with it, so that you see how effortless the solution is for deposits. Once you select it as your payment method at your chosen online casino, you will need to use your mobile phone number and the 4-digit password to get access to the service. Set the amount you wish to deposit and head over to your app to press Collect. Then, press Pay to proceed to payment and enter your UPI PIN to complete the transaction. As easy as that.

If you follow our lead, in the next section we’ll tell you exactly how deposits are made with it, in casino terms, and even guide you through the withdrawing procedure, as withdrawals with it are also possible.

How to Deposit with PhonePe at an Online Casino?

We basically just took you through the steps you need to take to make a deposit with PhonePe at an online casino, but it won’t hurt to hear it in casino terms, right? So, the first thing to do is choose an online casino you would like to join, which accepts PhonePe. Plenty of sites do, rest assured, sites that wish to cater to Indian players in the best way possible. Therefore, you will have no delays whatsoever when it comes to finding the right site for you to join.

As soon as you find it, register a player account with it, by offering some simple personal details like name and email. From here, to fund your player account with PhonePe, go through these easy steps:

1. Head over to the Banking page once you access your player account.
2. Find PhonePe on the list of Deposit Methods and select it.
3. Use your mobile phone number and 4-digit code to access the service.
4. Specify how much you wish to deposit.
5. Enter your app and press Collect, then press Pay.
6. Authenticate your transaction with your UPI PIN and immediately after that, you will see the funds arriving in your casino balance.

How to Make a Withdrawal with It?

We didn’t stress this enough, but we mentioned that you can use PhonePe for withdrawals, too. In fact, as long as you have joined an online casino that has integrated it, you can rest assured that you’ll be able to use it for cashing out your winnings.

The procedure will be a tad different, not so much different from the depositing, though. You will need to select the solution from the Banking page, the Withdrawal Methods section, and then set the amount you wish to cash out. Enter your phone number or UPI ID/PIN in the appointed field and confirm your request. As long as the casino approves it, you will see the funds arriving in your bank account linked with your PhonePe wallet or the bank account linked with your UPI ID/PIN.

Applicable Fees

PhonePe allows you to make free UPI transactions, including transactions made to and from online casinos. Therefore, on its part, your deposits and withdrawals will be free of charge.

However, make sure you check with your online casino to see whether it charges any fees. Some merchants may charge fees from 0.5% to 1.1% depending on the services you’re using with the wallet.

Accepted & Restricted Countries

Even though as of recently, PhonePe is offered in the United Arab Emirates, Singapore, Sri Lanka, and Nepal, it is still a popular Indian payment solution used mostly by Indians. What’s more, its services in these four countries are limited, while in India, you can use all of them.

Therefore, you can rest assured that if you are an Indian resident, you will be able to use all of its services. Just ensure that you find yourself a nice online casino that accepts it and caters to Indian players, and your experience with it will be seamless.

Available Currencies

As an Indian player, you will love the fact that your deposits and withdrawals will be exchange-fee-free when using PhonePe, as it allows for transactions in your local currency, the Indian rupee. Assuming you’ve joined an online casino that also supports your local currency, of course.

But, since the solution now works for international UPI transfers to and from the four other countries, the Singaporean dollar, the United Arab Emirates dirham, the Sri Lankan rupee, and the Nepalese rupee are also options for locals of the respective countries.

Customer Service & Support Options

As a customer, you can get access to a Customer Support service by pressing the “?” button on your PhonePe app home screen. You’ll be prompted to select a relevant topic and then receive your answers.

But you can also reach its team via phone at 080-68727374 or 022-68727374. Do not forget that your online casino’s Support team is also at your disposal, so do not hesitate to try them as well.

Written by ShellyS

Senior Content Writer

Expert On: Casino Banking reviews Gambling Regulations US Sports Betting

8 years of experience

543 Written reviews

Shelly has been writing for LCB since March 2018, with a strong focus on banking reviews. Her work helps players understand payment methods, fees, limits, and transaction processes across various casinos. She also covers gambling regulations, offering insights into licensing and player safety. Her goal is to deliver trustworthy, well-researched content that supports smart, secure gambling decisions for players and LCB members.