The Top e-Wallets Accepted by Indian Online Casinos

Accessibility is integral to the day-to-day success of online casino gaming. However, if online casinos allow every single form of payment on their site, this can become counterproductive and costly, and it becomes a lot harder to manage. It’s about finding a balance.

There is no shortage of online casinos in India looking to facilitate e-wallet payments to encourage the most users to visit their sites. Some payment systems are in higher demand than others, though. e-Wallets have become the spearhead of the fintech revolution, and nearly a dozen top providers in this field are all scrapping against each other to reach the top of this highly competitive market.

Payment methods are just one of many angles experts look at when piecing together an online casino review. The expert reviewers at askgamblers.com will rank a casino higher if they have a good track record of providing smooth withdrawals via several e-wallets. It’s by no means the be-all and end-all, but it will enhance the overall perception of a site.

Neteller & Skrill

Neteller isn’t just one of the most popular e-wallet types accepted by Indian online casinos; it was a staple of early online casino gaming.

Although in Western casinos, PayPal started to dominate e-wallet payments by the early 2010s, there was a time in the late 1990s when Neteller was responsible for over 80% of e-wallet withdrawals and deposits at online casinos. While their fortunes might have faded in Western digital casinos, they remain a growing popular deposit method for Indian casino gamers.

Skrill has established itself as a leader in cross-border remittance. It allows users to convert international currencies and deposit them into Indian casino sites. The company also offers a cryptocurrency payment facility.

Bitcoin and cryptocurrency are the subject of fierce debate in India; some platforms are hellbent on making them a large part of the financial system, but regulators want nothing to do with them. The topic moves quickly, so look this up if you want to invest or play casino games with cryptocurrency.

Skrill and Neteller are the two main e-wallets that Indian casino gamers use. While others are on the rise—which we will get to in a second—there’s no denying that these two are the most in-demand, and that’s not likely to change for a while.

UPI & PayTM

With the Indian fintech market experiencing a golden era, UPI and PayTM are fast becoming the two main e-wallets that Indian casino gamers use. UPI-enabled banking apps are among India’s most prominent facilitators of credit card payments. Launched in New Delhi in 2010, PayTM is now valued at over $1 billion and is rapidly growing. This is resulting in a greater number of Indian casino users syncing up their UPI details to deposit at an online casino.

UPI (Unified Payments Interface) is another Indian-based fintech company making waves at home and internationally. Without a doubt, UPI is the pinnacle of Indian e-wallet payment systems, with over 300 million active customers in India and handling trillions of dollars’ worth of transactions every year. UPI is accepted at all the top Indian online casinos and will play an integral role in the industry’s growth over the next decade or two.

Jeton & NetWallet

Not all providers will offer a facility for customers looking to deposit and withdraw using Jeton and NetWallet—they’re considered fringe e-wallet providers. That’s not to say they provide a lesser service; the JetOn website is actually very impressive.

While they might be small compared to the more established names in the e-wallet sector, JetOn still has over 1 million active customers and operates in over two dozen countries. NetWallet is a smaller provider; while growing, the UAE-based provider still has less than a quarter of a million customers.

As e-wallets become more popular for Indian online casino users, it’s niche e-wallets like NetWallet that are looking to expand into the market. It’s often those smaller providers that have the most tremendous growth potential.

However, as they are unestablished compared to the more esteemed providers, they can sometimes be overlooked and end up lumped together in a category below the likes of Neteller and Skrill, and this is where the challenges lie for these challenger payment solutions.

EcoPayz & POLi

Another two providers on the periphery of the Indian casino gaming market are POLi and EcoPayz. Of these two providers, POLi has certainly drawn the most heat over the last twenty years. Multiple major banks in Australia and New Zealand have warned customers against using their services due to a variety of security concerns.

The company has maintained steady operations and expanded over the last decade. They insist they have no issues with their services, but we recommend caution if you use them.

EcoPayz, on the other hand, has been in the market since 2000. Originally a digital card provider from the UK, they rebranded into an e-wallet operator just over a decade ago. While they don’t have the popularity that UPI or PayTM do in the Indian market, they’ve carved out a modest chunk of the burgeoning market for themselves.

Final Thoughts

As you can see, there’s no shortage of e-wallet providers looking to offer payment facilities to Indian online casino gamers. In fact, the market is one of the most competitive areas of fintech in the burgeoning Indian economy. If we were to nail our flag to the mast and say one of these providers will emerge as the leader, it has to be UPI. It’s already so integrated into everyday Indian life that most casino gamers will use it simply because of its convenience.

Other fintech companies might try to muscle in, especially over the next 10 to 15 years when India turns into one of the biggest economies on Earth. But for now, the current makeup of the market points in the direction of UPI, PayTM, and perhaps one of the more established names like Neteller making more of an inroad into the market.

If India regulates the gambling market, allowing more states to launch casinos—currently, 25 of the 28 states forbid it—we could see the activity of Western e-wallet providers ramp up.