Best UPI Casinos In India

The UPI payment option has not been around for a long time in India. UPI was only introduced in 2016 but during the last few years, it has gained a lot of popularity as it is easy to use and offers users both convenience and security. A lot of the top online casinos in India are now starting to offer UPI as one of their banking options and are getting a good response from the Indian market.

The team at CasinoWings has put together a guide for you and list out the best UPI casino sites for Indian players. Keep reading to find out which is the best UPI online casino for you, and which is the best UPI casino app to download so you can start playing mobile casino games today.

Online Casinos Offering UPI Banking

What is UPI?

While UPI has become very popular in the last few years, there are still millions of Indians out there who are not familiar with the UPI meaning or how it operates. UPI online banking is an official banking method in India that was launched in 2016 by the National Payments Corporation of India (NPCI) which is a government organization.

The NPCI decided to launch the Unified Payments Interface (UPI) to create a settlements platform and also to give Indian users another convenient method to complete their payments quickly. When the NPCI did a pilot run to test the UPI platform there was a total of 21 banks that participated in the trial run.

The UPI platform has expanded significantly since then as there are now well over 150 banks that offer UPI as a payment option. The above definition may be a bit technical for some readers and so we will simplify the UPI experience below in easy to understand terms.

UPI is a single payment platform that Indian users can use to access multiple banking platforms. There is a UPI mobile app that can be downloaded for free and will allow users to carry out transactions on a 24/7 basis for all 365 days.

UPI vs. IMPS

While a lot of Indians are not familiar with the UPI platform, they are familiar with the IMPS platform as it has been around for a much longer time. IMPS was also launched by the NPCI to facilitate faster payments back in 2010. IMPS stands for Immediate Payment Service and is widely used throughout India.

If you are wondering what are the differences between UPI and IMPS, keep reading as we will do a comparison between UPI vs. IMPS and list out the major differences between the two. IMPS is generally used by Indian bank account holders to transfer funds between two accounts. This is because IMPS relies on a National Electronic Fund Transfer (NEFT) to process payments.

To carry out an IMPS transaction, both the sender and receiver must have an Indian bank account. This is not the case when carrying out a UPI transaction as UPI relies on a Virtual Payment Address (VPA) to process transactions.

Since most online casinos servicing the Indian market are offshore casinos, they do not have an Indian bank account and therefore offer UPI as a payment method and not IMPS.

Unified Payments Interface (UPI) Immediate Payment Service (IMPS)
Uses Virtual Payment Address (VPA) Uses National Electronic Fund Transfer (NEFT)
Not required for both sender and receiver to have an Indian bank account Both sender and receiver must have Indian bank account
Launched in 2015 Launched in 2010
Less number of users Higher number of users
Popular with Online Casinos in India Not Popular with Online Casinos in India

Why use UPI in online casinos – pros and cons

One of the biggest concerns for Indian players at online casinos is whether they will be able to easily deposit and withdraw funds in Indian rupees (INR). This is why most Indian players always tend to look at the banking section of an online casino first, to check out the different payment methods on offer before signing up.

Most of the top Indian facing online casinos know that UPI is a popular payment option in the Indian market and include UPI in their list of payment methods. We take a look at the UPI pros and cons online casinos and why you should consider signing up at an online casino that offers UPI as a payment method. We will also do a quick comparison of the UPI pros and cons.

The main reason why UPI is popular with online casinos is because UPI does not require online casinos to have an Indian bank account to transfer funds directly into an Indian player’s bank account. The UPI interface supports instant transfers and will allow Indian players to directly withdraw their winnings from the online casino into their Indian bank account. Given the fact that there are over 150 Indian banks that now use the UPI platform, most Indian players will have no problem withdrawing their funds to their preferred bank account.

One reason why Indian players may not want to use UPI for their online casino transactions is because UPI belongs to the Indian government and all transactions are carefully monitored. Indian players who like to keep their online casino transactions anonymous prefer to use cryptocurrencies.

  • UPI Online Casino Pros

    • Offered by all of the top Indian facing casinos
    • Instant processing and withdrawals supported
    • Low transaction fees
    • Mobile App
    • Over 150 banks use UPI
  • UPI Online Casino Cons

    • All transactions monitored by Indian Gov.
    • No anonymity

How to deposit in an Indian casino using UPI

The first thing you need to do if you want to make UPI casino deposits is to confirm if the online casino has UPI as one of its payment methods. Once you confirm this, go ahead and register an account at the online casino. Then follow these step by step instructions to make your first UPI online casino deposit.

  • 1

    Look at the list of deposit options and choose UPI as your payment option

  • 2

    You then need to set up a UPI payment mode on you mobile device

  • 3

    Open the BHIM mobile app (If you don’t have it, you can download it from the Google Playstore or Apple store)

  • 4

    Enter your Indian mobile number and a UPI ID will be generated

  • 5

    You can set up BHIM by choosing your preferred language, entering a 4 digit PIN for your login details

  • 6

    You can create your BHIM PIN by using expiry date and the last six digits of your debit card

  • 7

    If you don’t want to link it with your debit card, you can link it with other e-wallets like Paytm and PhonePe.

  • 8

    You can then complete a payment to the online casino through the Virtual Payment Ad-dress (VPA). The online casino will ask for your UPI ID and the amount you want to depos-it.

  • 9

    Enter this information and click complete and you will have funds in your online casino account.

The max amount you can transfer using UPI in 24 hours is 100,000 INR.

How to withdraw your casino winnings with UPI

The UPI casino India withdrawal process is extremely easy. When you want to withdraw funds to your Indian bank account using the UPI payment method, follow these steps.

  • 1

    Login to your casino account and go to the payments page or banking section

  • 2

    Enter your UPI ID and enter the amount you with to withdraw

  • 3

    Click complete and your UPI transfer will be initiated

The UPI casino withdrawal limit will depend on the withdrawal limits imposed by the online casino and the UPI withdrawal processing time is usually between 1 to 5 working days.

These are the apps that support UPI payments

When you want to download the UPI app India, you can do so by searching for UPI app or BHIM app. The UPI app download is available free of charge from both the Android and Apple store.

Banks and other e-wallet payment providers like Paytm and PhonePe integrate the UPI platform into their apps by using the UPI SDK flow integration model. You will find all of the top MNC and national banks having UPI as part of their banking options. Some of the top banks that have UPI included in their banking apps include State Bank of India, Indian Bank, ICICI Bank, HDFC Bank, Standard Chartered Bank and HSBC

How to choose a safe UPI casino

A lot of Indian facing online casinos are now offering UPI as a payment method. However, don’t just sign up at any online casino that offers UPI as there are multiple factors that you need to consider when choosing safe UPI casinos. This is why CasinoWings has put together this UPI casino review to give you important info to help you choose a good UPI casino.

CasinoWings has a list of featured UPI casinos that have passed a strict selection criteria. You will find that all are featured UPI casinos are licensed by top regulatory bodies like the UKGC and the MGA. All of our recommended UPI casinos have great bonuses, multi-vendor games from top developers, multiple India friendly banking options including UPI and good customer support.

So if you are looking for a good UPI casino, choose any casino from our list of recommended UPI casinos for Indian players.

FAQ

  • While gambling is banned in India, the laws in most Indian states do not prohibit players from signing up at an offshore online casino. You can choose any UPI friendly online casino from CasinoWings list of featured UPI casinos and you will not have any legal problems when you play at these casinos. If you are choosing to play at a UPI casino that is not on our recommended list, then please do your own research to ensure that you are not playing at an illegal online casino or a rogue casino.

  • No, UPI is not the same as an e-wallet as both the technology and functionality differ. UPI is a payment interface that facilitates a bank to bank transfer directly. An e-wallet on the other hand is more like a middle man and can store funds digitally. UPI operates on VPA and was launched by the National Payments Corporation of India which is part of the Indian government.

  • Virtual Payment Address (VPA) is a unique digital ID that is given to each user that decides to use the Unified Payment Interface (UPI) to facilitate transactions. The VPA system allows users to send and receive money instantly without having to input their bank account number or their IFSC code. The VPA system makes it very easy for Indian users to complete digital transactions and also offers them more security since they do not have to divulge any of their banking information online. One of the big benefits of using VPA is that it works on a 24/7 basis for all 365 days unlike banking applications that do not process transactions on non-banking days.

  • It really depends on what type of transaction you are looking to carry out. Some of the factors that you need to consider include: what is the amount you want to transfer, is the transaction urgent or not urgent and whether the sender/receiver has an Indian bank account. Remember, you can complete a net banking transaction only if both parties have an Indian bank account. However, you can carry out a UPI transaction even when one party does not have an Indian bank account. This is why UPI is such a popular method with offshore casinos in India. Online casinos offer UPI as a banking option and allow Indian players to quickly deposit and withdraw their funds.

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Daniel Tafvelin
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