Why Are Mobile Wallets the Best Option for Online Transactions?
For those around at the beginning of the internet boom, there will be vague memories of Visa, Mastercard, and (at some sites) PayPal as the primary payment options. Of course, bank transfers were also possible if players were willing to head down to their local branch and make an old-school wire transfer.
Back then, Bitcoin hadn’t been thought of, and mobile wallets weren’t even a thing. Fast forward to the present day and the world of online casino payments has changed dramatically.
Although Visa and Mastercard still have a place within this industry, mobile wallets have emerged as one of if not the best option for online players. It’s easy to see why they have become dominant at online casino sites, as they boast an array of advantages for the user.
- Convenience: With hundreds of millions of people now owning smartphones, the mobile wallet sector has exploded. These apps put your money at your fingertips with only a few taps on the screen. Virtually all gambling sites accept payments from one or more mobile wallets, so it’s quick and easy to make deposits and withdrawals.
- All-rounder: In addition to online gambling, mobile wallets can be used to purchase internet packages, pay utility bills, and buy groceries. They have evolved into one of the most flexible payment services available.
- Localised: Modern mobile wallets are localised. Therefore, it’s easy to top them up using local currencies and make casino deposits in rupees. Furthermore, having a local mindset means that these apps are aligned with the needs of the people.
- Live support: Support is paramount to the success of these services. People get nervous about money. For instance, if a payment was made, but it hasn’t arrived at its destination. This is where live support comes to the fore to effectively resolve the issue and give the user peace of mind.
- Cheap: Many credit card issuers charge online gamblers for using their cards, as it’s deemed a ‘cash advance’. While there may be some fees involved with using a mobile wallet, they are considerably small by comparison.
- Fast: The majority of mobile wallet payments are in real-time, so deposits are instant. This means players can enjoy their favourite casino games or place a sports bet without delay.
Popular Mobile Wallets in India
India is one of the world’s leading countries when it comes to mobile wallets. Consumers have a plethora of options – these are some of the most popular choices:
- PayTM – This is one of the most recognisable mobile payments companies in India. As a result of its popularity, most online casinos accept PayTM as a payment method – either directly or indirectly via UPI.
- MobiKwik – With an ever-growing number of users, MobiKwik is becoming a prominent force within India’s mobile wallet industry. It’s one of the leading BNPL providers in the country and is a reliable option for online gambling expenditure.
- PhonePe – Alongside PayTM, PhonePe is one of India’s largest mobile payments companies. Making online gambling payments is quick and easy through the PhonePe wallet, a linked debit/credit card or UPI.
- Google Pay – Developed by the search engine giant, Google Pay provides a simplified way to make online payments. Although it’s not strictly a mobile wallet these days, it is still a safe and secure method for making casino deposits through a linked bank account, or UPI.
- FreeCharge – With an estimated 100 million users, FreeCharge is another popular mobile wallet in India. Fewer online gambling sites accept direct FreeCharge payments (compared with PayTM and PhonePe), but as it has UPI integration, that doesn’t matter. It’s another good choice for players.
- AstroPay – Having been around for more than 15 years, AstroPay is well known among existing online gamblers. Using the built-in wallet or an AstroPay Card that the user creates, making online payments has never been so easy.
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