Paytm

Paytm today is one of the largest platforms in India for online financial transactions. In 2018-19 the company did 5.5 billion transactions with a gross transaction value of $50 billion…

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The online casino market in India is growing at a breathtaking pace. Today in the times of COVID-19 when many people are in the lock down confined to their homes, they are discovering this exciting new world of online gambling.

There are also many people who are hesitant to play online casino games due to online payment and data security issues. They would be happy to know that India’s fastest-growing and the most trusted online payments platform Paytm is now available on leading online casino websites.

In this article, I will share details about Paytm, its history, how to set up an account, how to deposit through Paytm, and what are the key benefits of using this platform.

ABOUT PAYTM

Paytm is an Indian E-commerce payment system which is based in Noida, Uttar Pradesh. It was founded in 2010 by Vijay Shekhar Sharma with an initial investment of $2 million. It started as a recharge platform for Mobile phones and DTH.

In 2014 Paytm started an e-wallet program through which you can book a train ticket, bus ticket, or an Uber cab. Later more payment options were added like water bill, electricity bill, and gas bill. The user base kept increasing exponentially from 11.8 million in 2014 to 140 million in 2019.

Paytm launched its bank in 2015 named “Paytm Payments Bank” after receiving a license from Reserve Bank of India. It was created as a separate entity with Paytm founder Vijay Shekar Sharma owning 51% share. The Bank was officially inaugurated in 2017 by the Indian Finance minister, Arun Jaitley.

In 2015, Paytm acquired the title sponsorship rights for the Indian cricket team playing domestic as well as international cricket matches for a period of 4 years.

Paytm today is one of the largest platforms in India for online financial transactions. In 2018-19 the company did 5.5 billion transactions with a gross transaction value of $50 billion. Paytm has invested 650 crores to double its transactions to 10 billion in 2020-21.

HOW TO SETUP PAYTM ACCOUNT

The procedure of setting up of Paytm account is pretty simple. You need to download the Paytm app on your phone through the play store. The app will ask for your basic details like name, email address, etc. It will then ask you for the mobile phone number. You need to input the mobile number that is registered with your bank account. You connect any Indian bank account with Paytm. Once inputted, a verification code is sent to your phone as well as email.

Once the verification is complete, you can start using Paytm for all your digital transactions.

HOW TO BET USING PAYTM

To play casino with real money, you need to fund your casino account with sufficient balance. You can do this by going to your casino account and clicking on the deposit tab. Please make sure to confirm if your online casino site has Paytm as one of the deposit options. Once you select Paytm, the amount will be instantly debited from your bank account and reflect in your casino account. The transaction done through Paytm incurs no charges and is absolutely free.

You can also select Paytm as the mode to withdraw the winnings from your casino account but you need to confirm it with your online casino operator.

BENEFITS OF USING PAYTM FOR THE CASINO

You always need a payment service that is reliable, fast, and hassle-free. That’s exactly what you get from Paytm which is India’s leading e-wallet platform serving a million transactions every day. Below mentioned are some of the benefits of using Paytm as your banking method.

  • Paytm is approved by Reserve Bank of India which is the governing body of India’s banking system
  • The e-wallet platform has top-notch security with 128-bit SSL encryption
  • The services of Paytm is available both online as well as offline
  • There are Zero transaction charges for depositing money from Paytm to your casino account
  • The transactions happen instantly so the transferred amount reflects on your casino account in a matter of seconds.

CUSTOMER SERVICE

Paytm is one of the new age digital payments companies that have kept customer satisfaction at the core of their business model. This is clearly reflected in their customer service which is available 24/7 to solve all your queries. The service is available in English and Hindi language.

You can reach the customer support staff either through mail or via live chat. People residing in India can also call Paytm toll free customer care number 0120-4456456 and get your queries resolved immediately.

CONCLUSION

To conclude, for all the Indian casino players who were concerned about their financial data security, India’s most trusted digital payment platform Paytm is the answer. The fact that it is governed by Reserve bank of India and has the latest data encryption security with best in class customer support makes it a no brainer choice for most Indian gamblers.

PAYTM FAQS

Which online casinos accept Paytm?

Currently, not many casinos accept Paytm as the payment method but there are few of them namely 10Cric, Pure Casino, Betway, Lucky Days, and Show Lion.

Is it safe to use Paytm for online gambling?

Paytm uses the latest encryption technology and it is governed by Reserve Bank of India, hence it is one of the safest digital platforms to use for any online transaction.

Which are the best Paytm casino sites in India?

Due to growing casino Industry, there are new sites coming up every day but Betway and Unibet are still the best casino sites for Indian players

Can I withdraw winnings using Paytm?

This totally depends on your casino’s terms and conditions for withdrawing. If their conditions allow digital payment companies like Paytm to initiate a withdrawal, then you can use the platform.

Do I get charged for the transaction done on the casino account through Paytm?

No. If you are depositing amount then there are zero charges that Paytm levies on you.