UPI (Unified Payments Interface) is arguably one of India’s favorite payment methods at gambling sites. The system is flexible, forgiving and simple to use. Using this option makes your betting cheap. The transactions are fast, carried out instantly.
They are also secure, since UPI is regulated by the Reserve Bank of India and managed by the NPCI (National Payments Corporation of India). On the other hand, this means you will not be able to remain anonymous while gambling online. These are the steps to take for a successful UPI deposit at a betting site:
Requirements for Using UPI
Before you can start topping up your account with UPI, there are two requirements you must meet. You must have a bank account in India, and you need to own a smartphone.
More than 150 banks in India support UPI. Some of them are ICICI Bank, Punjab National Bank, State Bank of India and Kotak Mahindra Bank.
Download and Install the UPI App
Grab the UPI app from the Google Play Store or the Apple App Store, depending on your device’s iOS. Create your profile by entering your details. The app will register your mobile phone number.
You will need to provide a password, as well as a virtual address and a PIN for the purpose of the 2-factor authentication. The VPA is a virtual payment address that you have to generate using small case letters and numbers.
Pick a Transaction Tool (BHIM, PayTM, PhonePe etc.)
Numerous transaction tools and digital wallets have been integrated in the UPI network. This means you can select from a range of apps. Namely, UPI supports PayTM, PhonePe, BHIM, Mobikvik and Google Pay, for example.
If you are wondering which one is the best, the answer is probably the one you use for daily purchases or paying your bills. With a UPI wallet downloaded and set up, the next step is to link your bank account so that you can move funds.
Link Your Bank Account and Wallet Within The UPI Network
Make sure that your bank account is connected to the UPI/wallet app. Go to the “Add/Link/Manage Bank Account” section and create a link with the help of your Virtual ID.
Select a UPI Betting Site and Join
Open an account with an online casino that accepts UPI deposits. Fortunately, many great betting sites in India do. Some of the more notable ones are Betway, 22Bet and Casumo.
Pick UPI as Your Banking Method and Complete the Deposit
After you select UPI as your preferred deposit method at a chosen online casino site, enter how much money you wish to transfer. At some casinos, you may need to choose the Net Banking option. You will be redirected to a new page, which contains the UPI ID (VPA) of the receiving casino site.
Launch up your UPI wallet (which has previously been linked to your bank account) and send the desired amount to the betting site’s VPA.
Provide Proof of Payment
The system transfers the money instantly to the casino. If you want to speed up the process of getting the funds to your gaming balance, you can upload proof of payment. In this case, it is the transfer receipt from your UPI wallet. Upload it in the required field and your money will be credited typically within minutes.