in
expert 7.1
Denis Anipchenko
Expert opinion

PhonePe is a prominent Indian digital payments and financial services company that has fundamentally transformed the way transactions are conducted in India. Founded in December 2015 and based in Bengaluru, Karnataka, it is built on the government-backed Unified Payments Interface (UPI) platform. This allows users to send and receive money, pay utility bills, recharge mobiles, and conduct in-store and online payments across various sectors, including money transfers and investments.

Below, I will explain how its ease of use and instant processing have made it a popular payment method for millions, including those engaging with online casinos and betting sites that cater to the Indian market.

Indian Best PhonePe Casinos 2025

The availability of PhonePe is a strong indicator that an online casino is geared towards players in India, as the service operates primarily in the Indian market. Many international and India-focused betting and casino sites now accept PhonePe through its underlying technology, UPI, or directly as a local payment method.

I recommend the casinos listed below. These are notable online platforms that list PhonePe as a deposit option. They are popular choices for Indian customers due to their inclusion of local payment options, such as PhonePe, UPI, and Paytm, often alongside international methods like Visa, Mastercard, and Cryptocurrency.

Log in and register with PhonePe

To begin using PhonePe for any transaction, including online casino deposits, you must first set up and link your bank account to the application.

  1. Download the App: Install the PhonePe application from your device's app store.
  2. Registration: Sign up using your mobile number, which must be linked to your bank account.
  3. Link Bank Account: Select your bank and let PhonePe automatically fetch and link your account to the app via UPI.
  4. Set UPI PIN: Create your unique UPI PIN, which is required to authorize all transactions from your bank account.

Once your bank account is successfully linked and you have set your UPI PIN, you are ready to make instant payments using PhonePe.

PhonePe Wallet

PhonePe has historically operated a wallet system, known as the PhonePe wallet, whose license was transferred to the company after its acquisition by Flipkart in April 2016. Furthermore, in 2022, PhonePe secured a license from the Reserve Bank of India to operate a Semi-Closed Prepaid Payment system, allowing it to offer services such as its wallet or other stored-value features.

The core functionality for most transfers, including casino deposits, leverages the UPI network, which directly debits your linked bank account. However, the internal wallet structure can be used for specific purposes within the PhonePe ecosystem.

Reliability and security

PhonePe is highly regarded for its security, employing multiple layers of protection for every transaction.

  • Multi-Factor Authentication: Every transaction requires authentication via your personal UPI PIN, in addition to your fingerprint/face ID or password for opening the app.
  • Payment Privacy: Transaction details are kept private between the user and the merchant.
  • Risk Assessment: Security teams continuously monitor all transactions in real-time, assigning a risk score and automatically blocking any suspicious activity.
  • Regulatory Compliance: The platform adheres to built-in regulatory frameworks and audit-ready systems as a major digital payments platform in India.
  • Fraud Prevention: PhonePe actively collaborates with government law enforcement and security agencies to report fraud and block fraudulent users.

Customer service

PhonePe provides multiple channels for customer support and complaint resolution:

  • In-App Support: Customers can raise a complaint by clicking the '?' icon on the PhonePe App's homepage and selecting the relevant topic.
  • Customer Support Center: You can contact the Customer Support Center by phone. 
  • Login Issues: Specific login-related concerns can be reported through a dedicated web link: support.phonepe.com

PhonePe commits to responding to customer complaints within 24 hours.

PhonePe does not issue its own universal debit or credit card directly but has entered into co-branded credit card partnerships with major financial institutions.

  • PhonePe HDFC Bank Co-Branded Credit Cards,
  • PhonePe SBI Card SELECT BLACK,
  • The "Wish Credit Card" is another co-branded card offered in partnership with Utkarsh Small Finance Bank, which is a secured credit card.

These cards combine the banking partner's credit facility with PhonePe-specific rewards and benefits, particularly for UPI transactions and in-app spending.

PhonePe in casinos Popular?

PhonePe is a popular and frequently preferred payment option for online casinos and betting sites that target the Indian market.

  • Local Convenience: As an Indian company leveraging the universally adopted UPI network, it provides instant and direct bank-to-merchant transfers, which is crucial for Indian users who often prefer local, familiar payment methods.
  • High Usage: The sheer size of PhonePe's user base in India—trusted by over 61 crore registered users—means that its inclusion by an online casino immediately broadens the operator's appeal.
  • Frictionless Payments: The technology allows for quick, seamless, and secure payments, often supporting instant deposits and withdrawals to cater to the fast-paced nature of online gaming.

How to Deposit in PhonePe Casinos for Indians

Depositing funds into an online casino using PhonePe generally follows these instant steps:

  1. Go to the Casino's Cashier: Log in to your online casino account and navigate to the Deposit or Cashier section.
  2. Select PhonePe/UPI: Choose PhonePe or a general UPI option, as PhonePe is a UPI-based application.
  3. Enter Amount: Input the amount you wish to deposit in Indian Rupees (INR) and confirm.
  4. Initiate Payment: The casino will display a QR code or a UPI ID for the payment. You will need to note the UPI ID or scan the QR code using the PhonePe app.
  5. Open PhonePe App: Launch the PhonePe app on your mobile and either scan the QR code or use the 'Pay to UPI ID' option.
  6. Authorize Payment: A payment request will appear on your PhonePe app. Verify the amount and the merchant details, and then enter your UPI PIN to complete the transaction.

The payment will be processed instantly, and the funds should be credited to your casino balance almost immediately.

How to Withdraw Funds from PhonePe Casinos?

Withdrawals using PhonePe are possible but require the casino to support UPI-based payouts to your linked bank account.

  1. Navigate to Withdrawal: Go to the Withdrawal or Cashier section of your online casino account.
  2. Choose Withdrawal Method: Select PhonePe or a general UPI/Bank Transfer option.
  3. Enter Details: You will need to provide your UPI ID (typically linked to your PhonePe account) and the withdrawal amount.
  4. Confirm Request: Submit the withdrawal request. The casino will process it according to its internal processing times (which can take a few hours up to a few business days).

Once approved by the casino, the money will be transferred directly to the bank account linked to your PhonePe application via UPI.

Frequently asked Questions

👛 How quickly are deposits processed using PhonePe?

Deposits made using PhonePe are typically instant. Because the payment is processed through the UPI network, the funds are debited from your bank account and credited to the casino balance in a matter of seconds, allowing you to start playing without delay.

❔ Is there a maximum limit on transactions with PhonePe in online casinos?

The transaction limits are usually governed by two factors: the limits set by your linked bank for UPI transactions, and the limits imposed by the specific online casino. Most major Indian banks have a limit of ₹1,00,000 per UPI transaction. The casino may also set its own daily, weekly, or monthly limits for deposits and withdrawals; therefore, it is best to check the casino's Terms and Conditions.

🤔 Does PhonePe charge fees for casino transactions?

PhonePe itself generally does not charge any fees for instant deposits using its UPI functionality. However, the online casino or the payment processor it uses might levy a small fee for processing the transaction. Always check the deposit and withdrawal page on the casino site to confirm if any fees apply.

Pros
  • Instant deposit processing
  • High Security with UPI PIN and layered security features
  • No transaction fees from the PhonePe side for basic deposits
  • Ease of use with a familiar mobile application
  • Does not require sharing bank/card details with the casino
Cons
  • Cannot be used for withdrawals at all casinos
  • Transaction limits may be imposed by your bank or the casino
  • Primarily available and useful only for players in India and Indian currency
Denis Anipchenko
Denis Anipchenko
Editor-in-chief and online gambling expert

Denis is a true professional with many years of experience in the gambling industry. His career started back in the late nineties when he worked as a croupier, pit boss, manager and casino manager. This unique experience allowed him to deeply understand the world of gambling from the inside. Since the late noughties Denis has dedicated himself to writing articles and analyses about gambling, and since the early tens he has become a key figure in the Casinoz team. Here he not only writes and edits content, but also creates reviews, shares his expertise and helps readers understand the intricacies of gambling. Denis combines practical experience and in-depth knowledge, making him one of the most respected experts in the industry. His writings are always up-to-date, proven and useful information for anyone interested in the casino world.

An expert in:
  • casino operations
  • management
  • gambling analytics
  • RTP
  • volatility
  • regulation
  • trends
  • reviews
  • editorial
  • expertise
Facts checked Alex Vasilev Scientific editor and fact checker
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Info
Foundation date 2015
Website phonepe.com
Site languages English, Hindi, Indian
Contacts
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Support
08068727374
Support
02268727374
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