New Payment Solutions That Are Safe For Online Transactions In India
Technological advancements are really the blessings for all of us. Making and receiving timely payments was the biggest concern in earlier days. It takes a lot of time even some days or a week too when the funds need to be transferred in far locations. Thanks to online payment solutions that enable safe and secure transactions without consuming much time and extra money. You don’t need to wait for hours as you can get started within a few minutes by using a wide range of new methods accepting payment from Indian customers.
Growth Of India’s Digital Payment Industry
Driven by the increasing use of mobile internet and regulatory policies, India’s digital payment industry takes the high speed with the growth of e-commerce companies, the online gambling industry in India, and establishment of digital wallet companies. The big companies are providing products and services to the iGaming industry such as e-Wallets, prepaid cards, etc. Google and Boston Consulting Group (BCG) report found that the Indian digital payments sector is expected to reach $500 billion by the year 2020. Over the last 2 years, the number of merchants accepting card payments has got doubled i.e. over 3 million. As of June 2018, UPI transactions cross more than 250 million.
Top 5 Payment Gateways That Allow Secure Online Payment In India
From making payments, money transfer, to a foreign currency transfer, the following payment gateways with digital modes provide safe, secure, and fast online transactions across different sectors.
Launched in 2010, PayTM with more than 350 million active users becomes one of the largest mobile wallets in the country to make speedy payments and store money. From booking flights, movie tickets, train, DTH, mobile recharge to UPI payments, PayTM wallet is used for many applications. Recently, it has partnered with reputable Indian educational institutions to start cashless payments.
Available in more than 200 countries, PayPal is a global payment platform with more than 175 million regular customers. The reason it is used by international consumers is that it supports more than 100 currencies and does not require any withdrawal fees. Indian merchants mainly use this payment solution for receiving funds from global consumers.
Operated by Optimal Payments Limited and founded in 1999, Neteller is another most popular payment options for Indian people, especially Indian online players. This leading e-wallet in the online gambling industry operates in over 200 nations and has moderate fees. Most reputable poker and casino sites serving to Indian players accept this e-wallet. A single integration provides access to various deposit options.
Skrill, founded in 2001, is the safe and fastest option among e-wallets in India. It is trusted by more than 36 million active users and receive money in over 200 nations. Skrill, formerly known as Moneybookers, is widely accepted at Indian betting sites for making deposits and withdrawals with low currency exchange and reasonable withdrawal fees.
Want to start using any of these payment solutions, get the complete information by visiting their official websites.