As the online gambling industry is growing and prospering in India, many online casinos operating in the country are adopting better services to Indian customers. There are many things that customers look for in an online casino, and one of the most important factors is the mode of payment.
It is a crucial factor that sways the decision of Indian players because most of the standard payment methods offered by casinos are not convenient for them. Online casinos, after realizing this, have started accepting payments through UPI. Millions of Indians extensively use UPI due to its ease of use.
The Problem with Online Casino Payment Methods for Indian Customers
The most common e-wallets in online casinos are Skrill, Neteller, ecoPayz, and PayPal. Since India has its own e-wallet services such as Paytm and PhonePe, most citizens opt for these domestic e-wallets, and there are very few who use Skrill, Neteller, and ecoPayz.
Of course, PayPal is quite common among Indians, but as per the country’s regulations, Indian PayPal accounts can only receive funds but cannot send money. So those who use PayPal can receive withdrawals but won’t be able to make deposits, which isn’t convenient.
This leaves enthusiastic Indian players with just two main options – credit and debit cards or direct bank transfer. While these methods work just fine, Indians can’t enjoy the flexibility of multiple payment options as customers in the US or UK would. When choosing between online casinos that support UPI payments and those that don’t, customers will choose casinos that accept UPI.
Why More Casinos Are Slowly Integrating UPI Payments
With its massive population, India has always been viewed as a profitable gambling market. The lack of easy payment methods can lead to online casinos losing millions of potential customers to their competitors who have integrated UPI payments. But why exactly is this mode of payment preferred by so many Indians?
There are two points to consider in this matter. First of all, UPI apps like Paytm, Google Pay, and PhonePe are used by a considerable portion of the Indian population. These apps let them perform all types of transactions from their phone. Being able to make deposits and accept withdrawals on online casinos through these apps is a significant boost for Indian players.
Secondly, it’s the ease of use that UPI offers that makes it so popular in India. Transferring money through UPI takes hardly a few seconds. It only requires the user to select the account they wish to transfer money to, enter the amount and provide the UPI pin. It’s as quick and easy as sending a text message to someone. UPI apps also save the accounts that a user sends money to, so they don’t need to enter the details repeatedly.
The widespread usage of UPI apps and the quick and easy payment system they provide make them the most favourable mode of payment among Indians. Having acknowledged this fact, several Indian casinos online have now started integrating UPI payments, which is excellent news for both the casinos and Indian players. Check out all the gambling sites that accept UPI here.