Why is UPI so popular in online casinos in India?
UPI is a payment system originating from India, created in 2016. This mechanism provides instant transfers. Around 300 million people from 65 countries use UPI to pay fines, utility bills and more.
Krishan Prasad, a casino expert from CasinoSS, has studied the popularity of the UPI payment system in Indian online casinos. Details of the study and a list of the best UPI casinos are on the CasinoSS website.
Speed of financial transactions
The key consideration for a player when choosing a payment method has always been the speed of transaction processing. At online casinos in India, a variety of payment methods other than bank cards take tens of minutes or even hours to process payments.
In contrast, UPI allows for instant transactions. Thus, player deposits happen almost immediately. As for the withdrawal of funds, it depends on the casino, but as a rule, it does not take more than 48 hours.
Widespread use in India
UPI has gained popularity in India due to its instant transactions. The system is actively used to pay utility bills, fines and online purchases.
Every fifth person in India uses UPI. Casinos should adopt this payment method to cater to the needs of the audience.
No fees
The absence of transaction fees is a key feature of the UPI system. This is important for online casino players: when they make a deposit of ₹250, they will get exactly the same amount on their account balance.
After all, for example, Skrill or Neteller wallets take a commission, so UPI is a favourable choice.
Integration with other payment methods
UPI is actively integrated into various payment systems, enabling instant transactions. In India, for example, synergy of UPI with PhonePe and Google Pay apps is common.
This widens the audience as most locals use Android smartphones with Google Pay pre-installed, functioning in tandem with UPI.
Conclusion
Considering all the advantages of UPI, it is not surprising that online casinos in India actively choose it as a deposit and withdrawal method. Players are also not left out: thanks to its convenience and reliability, UPI has become a real favourite among payment instruments in our country.