PhonePe logo
company PhonePe Private Limited
map Bangalore, India
calendar 2015
check-circle 307,000,000+
wallet No
superb

CBM Rating

Superb

83.20%
reputation
86%
availability1
73%
wallet1
91%
lock
88%
headphones
78%
like
dislike
  • Available in India only
  • The app may freeze from time to time
superb

CBM Rating

Superb

83.20%

PhonePe Review & Best PhonePe Casinos

Last updated: 29 July 2021

If you have ever visited an online casino, you must have noticed that supported banking methods include local payment solutions. PhonePe is one of them. As its creators say, it is a “payments app built for India, by Indians”. This sentence sums up all about this payment service. Still, in this review, we will dive deeper and provide all the information about PhonePe one should know before they start using it. In this detailed PhonePe review, you will learn how to set up your PhonePe account as well as how to use it to make online casino deposits and withdrawals. Find out which casinos support PhonePe, how long it takes for a transaction to process through it, whether there are extra fees to pay and more.

Top Casinos That Accept PhonePe Deposits

Online casinos that support PhonePe are not very common. Yet, we have done our homework and found a few reputable gambling sites that accept Indian players and allow them to use this payment service. All online casinos featured on our portal are regulated and licensed, providing players with a safe and fair gaming experience. You can rest assured that the transactions you make at these online casinos will be smooth, with 100% safety guaranteed.

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LeoVegas

91.17%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €100
cherry €10 Free Spins
  • Impeccable reputation
  • 200+ live dealer tables
  • Seven gaming licences

22Bet

89.67%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €300
  • Over 6,500 games
  • 300+ live dealer games
  • Stunning array of banking options

Nomini

88.50%

18 + | New Customers Only |

T&C Apply
money-bag 10% Cashback up to €200
  • Great selection of banking options
  • Two Cashback offers
  • 7 bonuses to choose from

Casumo

87.83%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €300
cherry 20 Free Spins
  • Free deposits & withdrawals
  • Reel Races
  • Evolution & Playtech live dealers

Wazamba

87.17%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €500
cherry 200 Free Spins
  • High game variety
  • Many bonuses
  • Stable cashier

Genesis

86.67%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €100
cherry 300 Free Spins
  • Excellent reputation
  • Local payment options
  • PayPal payments for UK, SE, ES

Kassu

85.83%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €300
cherry 300 Free Spins
  • UK, Malta, Sweden licences
  • Impressive live casino
  • Wide array of banking methods

1xBet

82.83%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €300
cherry 30 Free Spins
  • Over 6,500 RNG games
  • More than 300 live dealers
  • 140+ payment methods

Company Background

Book icon

Founded in 2015, PhonePe is a payment service provider based in India. On its official website, the provider claims to be focused on building payment solutions that will make digital payments accessible to the next billion users. Its first product, the PhonePe app went live in 2016. The same year, Flipkart, an Indian e-commerce company, acquired PhonePe. Only a year later, it became the first app based on United Payments Interface (UPI), with more than 10 million downloads.

PhonePe was rated the #1 Finance App on the Apple App Store and Google Play Store and became the leader in UPI transactions nationwide, hitting 1 million transactions in a day. In 2019, more than 2 billion transactions were processed through the app, and PhonePe won the Best Mobile Payment Product or Service at the IAMAI India Digital Awards. The PhonePe ATM was launched across 10 lakh stores in 300 cities across India. Today, the payments app is used by more than 300 million Indian citizens.

Target Markets

Target icon

As we have already mentioned, PhonePe is made for India, by Indians. The app is available exclusively in this market, which should not be underestimated, with almost 1.4 billion people living in this Asian country. Created to facilitate transferring funds online, PhonePe is one of the apps that are based on the instant payment system developed by the National Payments Corporation of India.

How to Set Up a PhonePe Account: Step by Step Guide

PhonePe is a mobile app you can use without difficulty on your smartphone. It is compatible with both Android and iOS-powered handheld devices. Let’s find out how to set up your PhonePe account in a few easy steps.

  1. Download the app

    Go to the Apple App Store or Google Play Store and download the PhonePe app. Simply enter the name of the app in the search bar and download the app to your device.

  2. Install the app

    Install the app on your mobile device. Click on the Install button and complete the procedure.

  3. Add your mobile number

    Open the app and enter your mobile number. This should be the same number you use for your bank account. You will receive a one-time, 4-digit password to login into the app. Alternatively, you may receive a 5-digit OTP to login into your PhonePe account.

  4. Connect your bank account

    Add your bank account. Go to the My Money page and select the bank you have an account with. The app will fetch your account details and link them to your account.

  5. Set up UPI PIN

    Set up a UPI PIN by tapping on the Set UPI PIN button. You will use it to authenticate your transactions.

  6. Add your card

    Enter your debit/ATM card details. The app will ask you to provide the last six digits of your card number and the expiry date.

Available Currencies

Indian rupee icon

INR

Casino Deposits and Withdrawals

Withdrawal icon

PhonePe enables you to make fast and secure online casino transactions. To make PhonePe deposits, simply login into your casino account, choose PhonePe and complete the procedure by following the instructions. You will have to enter your mobile number and 4-digit OTP to access your PhonePe account and UPI PIN to confirm transactions. You can use PhonePe in two ways. It can be a link between your bank account/card and your casino account or as an e-wallet you can fund before depositing to the casino.

Using PhonePe for withdrawals is easy as well.

  1. Go to the cashier and pick PhonePe as a preferred withdrawal method.
  2. Access your account and enter the amount you want to withdraw from your casino account.
  3. Again, you will have to enter your UPI PIN to authenticate your withdrawal via PhonePe.

Detailed Overview of Transaction Fees

Overview icon

PhonePe does not charge any fees for creating an account. Still, in its terms and conditions, it is stated that they reserve the right to change its fee policy from time to time. Fees can be introduced for new services or changing fees for existing services. If this happens, you will be informed accordingly via the official website or the app itself. Also, you should keep in mind that the bank you have an account with can charge a nominal transaction fee for UPI transfers. So, check with the bank whether there are any additional costs.

Timeframes for PhonePe Payments at Online Casinos

Time icon

Deposits via PhonePe are processed immediately, so you can get your funds and start wagering them in no time. When it comes to withdrawals, they may take longer due to the pending period imposed by the casino. After your withdrawal request has been approved, you will receive your winnings instantly.

Deposit and Withdrawal Limits

Limits icon

Deposit and withdrawal limits vary from casino to casino. Still, in most cases, the minimum amount you can deposit through PhonePe is ₹500, while the maximum can go up to ₹400,000 per transaction. As for cashing out, you can request withdrawals of at least ₹500 or ₹800 and up to ₹200,000 per transaction. Before you register with an online casino, make sure to check its minimum and maximum withdrawal limits.

Best PhonePe Casino Bonus

While you won’t find any casinos where an exclusive bonus is granted for depositing with PhonePe, you can use this method to qualify for regular bonuses and promotions. They include free cash and free spins you can use to play some of the best casino games, including highly exciting online slots. Here are some of the best casino bonuses you can claim on payments made via PhonePe.

100% up to €100 + €10 Free Spins
Get Bonus
LeoVegas

Deposit

Not needed

20x

Ongoing

No maximum

89%

10% Cashback up to €200
Get Bonus
Nomini

Cashback

Not needed

1x

Ongoing

€50

No maximum

88%

100% up to €500 + 200 Free Spins
Get Bonus
Wazamba

Welcome Package

Not needed

35x

Ongoing

€20

No maximum

81%

100% up to €300 + 30 Free Spins
Get Bonus
1xBet

Deposit

Free Spins

Not needed

35x B

Ongoing

€10

No maximum

79%

100% up to €300 + 300 Free Spins
Get Bonus
Kassu

Deposit

Free Spins

Not needed

40x B

Ongoing

€10

€100 for Free Spins

71%

100% up to €100 + 300 Free Spins
Get Bonus
Genesis

Deposit

Free Spins

Not needed

40x B

Ongoing

€10

€100 for Free Spins

71%

100% up to €300
Get Bonus
22Bet

Deposit

Not needed

50x B

Ongoing

€1

No maximum

68%

100% up to €300 + 20 Free Spins
Get Bonus
Casumo

Deposit

Welcome Package

Not needed

30x (D+B)

Ongoing

€10

No maximum

66%

Security

Banking security icon

The PhonePe app is 100% secure. It operates as part of a large system, with all transactions processed over safe banking networks. The National Payments Corporation of India (NPCI) has recognised PhonePe as the leading provider when it comes to UPI network transactions. The app is PCI DSS compliant and ISO 27001 certified.

The PhonePe app does not store your user name or password, and every time you log in, you receive OTP to access your account. Don’t share OTPs with other people to protect your funds and financial details.

Customer Support

working-hours
Working Hours

Mon-Fri: 00:00-24:00

Weekend: 00:00-24:00

comments
Chat

No

PhonePe provides 24/7 customer support. On the Contact Us page of the PhonePe official website, you can find an email and phone lines you can use to get in touch with its agents. You can send your complaint to PhonePe customer support by clicking on the icon on the home page of the PhonePe app. The service provider is committed to providing its customers with the first response within 24 hours of receiving the complaint. They aim to resolve all complaints and queries within 3 business days.

Player Experiences

On the Google Play Store, PhonePe has been rated 4.4. At the same time, on the Apple App Store, the rating is higher, sitting at 4.7. Most users who have reviewed the app say that it worked well initially, while lately there have been certain bugs. They include stuck payments, issues with notifications as well as the size of the app. The good news is that PhonePe representatives reply immediately to all comments, giving the users instructions on how to resolve the issues they have been experiencing.

Extra Features

PhonePe adds new functionalities for users and merchants regularly. In 2020, the provider added several products that go beyond payments services. Liquid Funds is a product that can substitute for the savings bank account, granting higher returns. If you are into investments, you can make use of PhonePe’s Super Funds. The other two products launched in 2020 by PhonePe are International Travel Insurance and Coronavirus Insurance. Also, PhonePe Switch allows you to book flights, order food or purchase goods and services using your favourite apps, with no download needed.

Mobile Capability

android ios

PhonePe is a mobile app, and as such, it is fully compatible with both Apple and Android handheld devices. You can download and install it on your smartphone or tablet. To access your PhonePe account, you will use your mobile phone and a 4-digit one-time password.

Interesting Facts

  • In 2017, only a year after its launch, PhonePe emerged as the leader in UPI transactions across India.
  • PhonePe won the Best Mobile Payment Product or Service Award twice at the IAMAI India Digital Awards.
  • In 2021, PhonePe partnered with GiveIndia, the biggest giving platform in India, to help the country fight the medical oxygen shortage.
  • The app allows its users to send PhonePe gift cards of up to ₹10,000.
  • The PhonePe app is available in 10+ Indian languages.
  • PhonePe uses Machine Learning to personalise user experience.

FAQ

Yes, online casino players can use PhonePe to make transactions, including both deposits and withdrawals.

At this moment, PhonePe does not charge fees on deposits or withdrawals made through the app. However, the bank you have an account with can charge transaction fees, so make sure to check them out before you start using PhonePe.

Yes, PhonePe is safe to use and transfer money from your bank account or e-wallet to the casino.

PhonePe is a payments service available exclusively in India. So, if you live in India, you will be able to use the app to make fast and secure online transactions.

Payments via PhonePe are instant, while withdrawals may take longer due to pending periods imposed by online casino operators.

PhonePe is licensed in India, by the national Reserve Bank.

To clear your winnings through PhonePe, choose UPI/PhonePe from supported withdrawal methods and access your account using the 4-digit OTP. Enter the amount you want to cash out and complete the transaction by providing your UPI PIN.

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