UPI Casinos & Betting Sites
Simplicity, Speed & Security With UPi
UPI (Unified Payments Interfaces) is an instant real-time payment system created by the National Payments Corporation. It facilitates inter-bank transactions, and it has been growing in popularity with Indian casino and betting players since 2016.
Anyone with a bank account and mobile phone can use UPi to gamble online. Due to its simplicity, it is the preferred payment method for those that enjoy playing Teen Patti as they search out UPI casinos.
Therefore, let us explore how you can take advantage of this payment option at some of the best betting sites in India.
UPi Gambling Reviews 2021
Up to ₹90,000 bonus Min. ₹500 deposit Up to ₹20,000 bonus Min. ₹250 deposit
Up to ₹90,000 bonus
Min. ₹500 deposit
Up to ₹20,000 bonus
Min. ₹250 deposit
How does UPi Gambling Sites Work?
That’s a very good question because according to Indian law, online gambling is a grey area. So how can the RBI of India allow real money gaming investments on their payment platform?
If you are ready to get a bit nerdy, then keep on reading.
UPI is one of the most successful deep-tech innovation coming out of India. It is a technical framework which allows banks (and their users, you and me) to send money between accounts instantly 24/7.
However, all of India is not deep tech, especially when it comes to the banking sector. At the moment there are 200-something banks connected to UPi, and some of them are definitely not high tech.
Let’s take Malviya Urban Co-operative Bank Limited as an example. Their bank accepts UPi transfers, but their iPhone app was last updated sometime in 2015. They don’t even have an Android app. Hence, you will not be able to make UPi transfers directly with their bank.
Instead, Malviya Bank have to rely on third party apps to execute UPi transactions for them. Third party apps could be:
- Google Pay
So if you have a bank account at the Malviya iPhone app you would not be able to deposit or withdrawat at the casinos and betting sites listed on this page. First, you would have to download Paytm or PhonePe to make the UPi transactions through that app.
Compare Malviya bank to, lets say, Axis Bank.
Axis Bank got their own BHIM Axis Pay UPi App, which allows their customers to do instant UPi transactions. Axis Bank has also partnered up with the following third-party software providers to facilitate UPi transactions:
- Amazon Pay
- Bajaj Finserv App
- Google Pay
- Samsung Pay
So if you are an Axis Bank account holder can execute your gambling UPi transaction with several options. Maybe you have a racked up nice cashback at Google Pay and you want to centre your payments in their app? The choice is yours.
But wasnt gambling transactions in a grey area?
Yes, you are right. What you are about to read is something the average casino player is aware of.
The UPi online casinos listed at Cashup are all hosted on offshore servers. Often located in tax-havens in the Caribbean. Indian law does not stretch outside our borders. So placing a real money bet on a server in the Caribbean is not illegal.
However, making a transaction to such a site is illegal according to FEMA Rules 2000. Therefore UPi offshore betting sites has to be a bit creative.
You might already know that one mobile number/VPA/handle/etc. can be linked to different UPi apps and banks? The only prerequisite is that the mobile number should already be registered with the banks you wish to link.
So what the gambling sites do is that they open 100’s bank accounts at different banks in India. Therefore, they can easily spread out all the transactions and the risk of being caught. Neither the payee nor the beneficiary are sharing their bank details, so the risk of getting caught is close to 0.
Clever isnt it?
Reviews of the Best UPI Betting & Casino Sites
So if you stayed through the nerdy bit you will understand that hosting a UPi online casino is not an easy task.
To keep budgets down, many site owners try to take shortcuts and cut down on costs. Unfortunately, this also results in a poor gambling experience for you and me.
The keep-budget-down-gambling-sites are casinos you want to stay away from. The easiest way to keep down costs as an owner of a casino or online bookmaker is to neglect using a gambling license. If you are a holder of a license you must comply on the following:
- 100% fairness in the games
- International standards for online transactions
- Security protocols for user information
- And more..
All UPi sportsbooks & casinos at Cashup Club are fully licensed. You can be sure that your chance of winning the games is fair and that your money is secure.
UPi Gambling Sites to Stay Away From
If you are an experienced casino player you might have played casino games from software providers like NetEnt, Evolution Gaming or Pragmatic Play. These three companies, and many more, only supply their games to licensed casinos.
So how does it come that the following UPi casino & sportbook has these games?
We are not entirely sure how they are doing it down to the detail. But Rajbet has copied the games and can affect the outcome of the games. NEVER play at a site like this, you will never win!
On this site you can make deposits with either Net Banking or UPi.
If the site owner has copied the games from reputable software providers, what do you think they will do with your money…?
Thats why you should only sign up at the UPi gambling sites listed at Cashup Club.
What Makes UPI a Good Payment Option
UPI has made a massive impact on India’s payment ecosystem. The National Payments Corporation developed and launched the system in 2016, and the Reserve Bank regulates it.
UPI, or Unified Payments Interface, is a real-time inter-bank payment network that allows users to request and send money. You can use any UPI client app, and you can link multiple bank accounts to one app.
These are just a few reasons why you should consider using it:
- It works with more than 200 Indian banks.
- UPI processes over 1.3 billion transactions each month.
- Over Rs 2.2 trillion go through the system per month.
- You can transfer money through UPI at all times.
- Useful for small transactions.
- No loss of interest.
In the years following its inception, the system has grown, and so have UPI betting bazaars. More and more betting sites and casinos are considering working with the network.
Any Cons With UPi?
Well, if you are a high-roller it could be the transaction limit of 1 lakh per day. If you are a professional player, you can always choose IMPS which has its limit at 2 lakhs – and works more or like just like UPi.
Sign Up at an UPi Casino Today!
So now you know how the technology work, which casino sites to stay away from and which gambling site to play on!
All you have to do is choose a casino from the review table here on Cashup Club and sign up for an account today!
Which is the best UPi gambling site?
PureWin – Here you can play both teen patti and other casino games, as well as bet on sports.
How much does it cost to transfer rupees to a UPi site?
How long time does a withdrawal to my bank account take?
The withdrawal with UPi is instant. However, all websites have manual approvals of the transactions which can take between 6-72 hours.
What can I do if I have a site on a rogue UPi site?
Since the site is not licensed there’s nothing you can do.