The rise of e-payments in India

The rise of e-payment in the Indian gaming industry is preceded by years of financial challenges. Casino players found it difficult to deposit or withdraw from their casino account. However, as casino games revolutionized, there was also a consequent revolution in the financial infrastructure. This gave birth to the Unified Payment Interface (UPI) and other E-payment solutions. The focus of UPI is primarily easy transactions between Indian banks through mobile payment. The system, which was created by the National Payments Corporation of India is now shaping mobile banking and other industries including online gambling.

Casino games in India are advancing so quickly. This has brought about an increase in online casinos and players. Clearly, the ease and flexibility of using e-payments for gambling is one major reason for the increase in online casino engagements and growth.  Players can always browse the web to find UPI casinos in India as they are fast increasing in number. All these are traceable to the advantages associated with e-payment.

Available e-payment platforms in India casino

Since the introduction of e-payment in the Indian gambling industry, players keep getting access to more flexible and fast payment solutions.  The following are the most used e-payment platforms in Indian casino;

Credit and debit cards

Recently, depositing using a debit or credit card has become the order of the day. No cash attitude is taking effect due to the prevalence of online activities. Online casinos in India have also implemented the use of credit and debit cards for deposit and withdrawal. The most used credit and debit card platform in India online casino are:

• Visa

Visa is a universal payment option on online casinos. The payment option is also available in Indian online casinos. You can make use of either Visa debit or credit card for payment on online casinos. Visa is secure and very simple to use.

• MasterCard

Another secure card for e-payment transactions is MasterCard. Many casinos accept MasterCard to deposit and the payment solution is fast and easy to use.

• American Express

American Express is another card used for e-payment in online casinos. AmEx is notable for its security features and easy interface. It can be used for deposits and withdrawal on Indian online casinos.

E-wallets

E-wallets are third-party platforms that allow you to deposit and withdraw online. Users are given a personal e-wallet that will be used for online transactions. Major e-wallet platform used in Indian casino are;

• PayPal

PayPal is the most prominent and used e-payment platform in online casinos. It has a large user base and subscribers in India as well. The platform charges a minimal transaction fee on either deposit or withdrawal. Major online casinos feature the PayPal payment option and can be used by players.

• Skrill

Skrill is a UK-based e-payment platform but also works perfectly in Indian online casinos. The Skrill e-payment platform works just like PayPal. A casino player can easily use Skrill to fund his casino account and play games. Casinos also allow players to withdraw funds into their bank account using Skrill.

• Neteller

Neteller is the first e-payment platform to be introduced to casino games. However, due to the increase in the number of e-payment with better features, Neteller lost its hold. Nonetheless, major online casinos in India still make use of Neteller as a payment option. The Net+ feature on Neteller allows you to deposit or withdraw using your bank accounts.

• EcoPayz

EcoPayz is another popular e-payment platform in Indian casinos. The EcoPayz features an e-wallet called the ecoAccount. The ecoAccount allows you to deposit or withdraw from a casino account. You can also deposit into or withdraw from the ecoAccount into your bank account.

Conclusion

Cashless transactions are taking over and e-payment is the solution employed by financial originations providing these payment methods. E-payment options such as credit cards, debit cards, and e-wallet have made payment easy and secure. Nonetheless, there are other e-payment options like bank wire and cryptocurrency. Generally, the introduction of e-payment into casino games has made game playing easy and fast.