As India is moving towards digitalization, the mode of payment has changed drastically over some time. Nowadays people prefer to make payments by using online wallets. Online wallets gained popularity in the last two or three years. In India currently, there are many wallets that are used for money transactions; a few popular ones are like PhonePe, Google Pay, Paytm, and many more. Consumers find it a more convenient, fast, and effective way of payment transactions.
Introduction of Money Wallets in India
If we talk about money or a digital wallet, it is a virtual space where user can store their money which they can use for online money transactions between banks. As digital India picked its pace more and more users started getting connected online, be it through social media, growth of the e-commerce market in the country, online education etc. This is all made possible due to the inception of smartphones and other digital devices like tablets and laptops.
As people start investing more of their time in their digital devices like smartphones and laptops and exploring different things on the internet. Companies see this digital shift as a growth and market opportunity by developing various services and products to cater to the needs of the people various e-commerce portals, and online education portals came into existence. With the development of these online portals, there comes a need for speedy online transactions where users can pay without hassle and fear.
With this opportunity, money wallets came into existence; money wallets like PhonePe use advanced software and security so that users can easily store their money and use the money wallet for online transactions.
PhonePe Betting Sites In India
India is a huge market for online betting sites because of the availability of millions of players who invest most of their time over the internet through their smartphones and other digital devices. The use of PhonePe by various betting sites shows the popularity of the application among Indian users. Some of the popular websites that use the PhonePe payment gateway system are:
Is the payment method using PhonePe safe
If you are looking to make an online transaction on a mentioned betting website through the application of PhonePe, you must dig out for the authenticity and legitimacy of the application. Users will find it good to know that the PhonePe application is safe and governed by all the laws and regulations. The brand is owned by PhonePe Private Limited, a renowned company developed by proficient developers and designers. The application uses all the latest and major security updates for online money transactions.
The authenticity can be described better as every time a user wants to make an online transaction to any of the mentioned betting websites, each user is provided with an MPIN that is known only to the user. For every transaction made on the PhonePe app, the user must provide the MPIN to go through with it. All these features of the application make it legitimate and authentic to use.
Also Use- Paytm Betting Sites In India
How to use the PhonePe wallet
Keeping the PhonePe mobile application on your smartphone is gaining popularity these days as its branding, authenticity, and hype created in the market is very positive. To use the application, you need to do simple things: download the application and register for it.
Downloading the application
You can simply download the mobile application by visiting your smartphone’s official website. If you are an Android user, you can visit the play store and download the application from there. You can get the application by visiting App Store if you are an Apple user.
Installing the application
- You must provide a phone number once you click on the app from your smartphone. This phone number should be the same as that provided to the bank, which is linked to your account.
- You will receive an OTP to verify you hold the provided number. After that, you must provide your name and e-mail ID and accept all the terms and conditions. You will also create a password in the same step.
- You need to create VPA (Virtual Payment Address). It is your username, and you do not need to provide your bank account number again and again.
- You can link your bank accounts by selecting the bank associated with that particular number.
Top betting websites using PhonePe as a payment option
Many web betting portals are using PhonePe as their preferred partner for making any online transaction on their websites. Though for the time being these betting websites are fewer in number. As they spread their business in India over time, they must choose PhonePe as one of their preferred online money transaction partners. For now, there are few websites that prefer PhonePe and other UPI applications as their online money transaction; these are,
Melbet: It is a cricketing online betting platform being introduced to users recently. This betting website supports GPay, PhonePe, and Paytm as their preferred online money transaction partners. This online betting portal supports live streaming of the match also. Money deposits can be made in INR, and the user can start with a minimum deposit of 50 rupees.
Parimatch: It is also a platform used for online cricket betting. The platform allows users to bet with a minimum deposit of 200 rupees. This online platform also supports live streaming of matches. Some of the other important features of this platform are live chat and betting exchange, and it also supports the pay-outs in bitcoin.
22bet: This online portal is used for online cricket betting. The specialty of this online platform is that the website is available in Hindi also. It also offers live streaming of the game with some additional special features like live chat and stats. For faster pay-outs, it also supports bitcoin.
1Xbet: An online platform that supports online betting on cricket. This website offers various offers and online welcome bonuses. You can start betting through this online platform with a minimum deposit of 55 rupees. This online portal also supports live streaming of matches with in-play betting and live chat features.
Fun88: This online web portal is for online cricket betting. Accepts deposits b from GPay, PhonePe, and Paytm. The minimum deposit for the website is 250 rupees. Supporting in-play betting and live chats.
Frequently Asked Questions
Q1. Are PhonePe betting websites safe to use?
With online betting websites coming into existence, a major question has arisen in the mind of users about the legitimacy of betting websites. Most betting websites that use one of the most popular money wallets, like PhonePe prove their authority and authenticity. All these websites are registered and approved by their country of origin; whenever a user registers and makes an online money transaction, they must provide KYC to validate that user. In short, all these websites are legitimate and safe to use. Another thing that you can check is the availability of an SSL (Secure Sockets Layers) certificate on the website.
Q2. How to deposit money and make an online transaction through PhonePe on these betting websites?
Depositing money by using PhonePe is very easy. If the betting website supports the wallet option of PhonePe, you simply need to deposit the money to your wallet from your corresponding bank. Now, simply log in to the betting website, deposit the money, and choose the UPI method; you can simply mention your virtual UPI address and make the minimum deposit by following simple steps. In the end, you simply put wallet password and make the transaction.
Q3. Which all website accepts PhonePe UPI transaction?
Many betting websites use PhonePe as one of the preferred online money transaction methods; some of them are:
Q4. Can I connect to different banks through PhonePe and start playing online betting?
Yes, you can register different banks through PhonePe money wallet, log in through different betting websites, and start playing or making bets. PhonePe allows you to select from the pool of leading banks that provide services for online transactions.
Q5. How long does reflecting money from PhonePe to the betting website wallet take?
Most of the time this process is real-time based, and as you debit the money from your PhonePe wallet, it gets reflected in the betting website. Sometimes when there can be a server or payment gateway error, it may take a maximum of 4-5 minutes. In the meantime, you can connect with the customer care service of that particular website.