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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Company Background
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
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.
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.
Install the app
Install the app on your mobile device. Click on the Install button and complete the procedure.
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.
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.
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.
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
INR
Casino Deposits and Withdrawals
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.
- Go to the cashier and pick PhonePe as a preferred withdrawal method.
- Access your account and enter the amount you want to withdraw from your casino account.
- Again, you will have to enter your UPI PIN to authenticate your withdrawal via PhonePe.
Detailed Overview of Transaction Fees
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
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
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.
LeoVegas
Deposit
Not needed
20x
Ongoing
No maximum
Nomini
Cashback
Not needed
1x
Ongoing
€50
No maximum
Wazamba
Welcome Package
Not needed
35x
Ongoing
€20
No maximum
1xBet
Deposit
Free Spins
Not needed
35x B
Ongoing
€10
No maximum
Playerz
Deposit
Free Spins
Welcome Package
Not needed
40xB
Ongoing
€10
€100 for Free Spins
Kassu
Deposit
Free Spins
Not needed
40x B
Ongoing
€10
€100 for Free Spins
Genesis
Deposit
Free Spins
Not needed
40x B
Ongoing
€10
€100 for Free Spins
22Bet
Deposit
Not needed
50x B
Ongoing
€1
No maximum
Security
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
Mon-Fri: 00:00-24:00
Weekend: 00:00-24:00
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
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
Can I use PhonePe for casino deposits and withdrawals?
Yes, online casino players can use PhonePe to make transactions, including both deposits and withdrawals.
Are there any fees for PhonePe payments at online casinos?
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.
Is PhonePe safe to use/transfer money?
Yes, PhonePe is safe to use and transfer money from your bank account or e-wallet to the casino.
Is PhonePe available in my country?
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.
How long do withdrawals take when using PhonePe?
Payments via PhonePe are instant, while withdrawals may take longer due to pending periods imposed by online casino operators.
Where is PhonePe licensed?
PhonePe is licensed in India, by the national Reserve Bank.
How do I withdraw money from PhonePe?
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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