It is reported that there has been a strong surge in the number of Indians engaging in online gambling services, including betting and gaming, as local operators intrdoduce a new payment method with localised currencies.
The new payment method; Netbanking, is proven to be a quick and convenient payment method with Indian players looking to bet and wager online on casino games and slots.
Netbanking is showing itself to not only offer flexibility when making deposits, but also offers instant bank transfer, a service that is not found in many payment options.
What’s more, the convenient gambling payment solution integrates UPI as standard, allowing the for the use of Paytm, PhonePe and GPay.
With low depositing limits from as little as 12 Euro, or 1000 INR, this method shows no signs of slowing down in India, which has a population of 1.35 billion and the potential to be one of the largest markets in the world.
According to reports, online gambling operators in the South Asian nation are experiencing rises of up to 500% within the last month, partly as a result of the new payment method integration.
Netbanking provides a channel for gambling online safely with Secure Access, an extra security solution implemented by HDFC Bank. This is a simple three-step protection procedure for online transfers or transactions.