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Rupay Online Casinos
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RuPay is a global card payment and financial service system created and implemented in India. It is owned and designed by the National Payments Corporation of India (NPCI) that had a strong vision of establishing the country’s very own service for card payments. Since 2012, the company is proudly working on creating a community that uses less cash and more electronic and contactless payment options.
The name RuPay, derived from the words "Rupee" and "Payment", indicates the importance of the “local” and “national” factor for the NPCI.
Empowered by the Reserve Bank of India (RBI) and Indian Banks' Association (IBA), NPCI came up with a system that is an alternative to MasterCard and Visa payment cards.
The financial service facilitates electronic payments, allowing all Indian banks and financial institutions to participate. At the same time, the NPCI is putting some serious effort into making this payment service an internationally recognized brand.
In terms of online casino gambling, owning a RuPay card makes online transactions easier for casino players residing in India.
Getting Started with RuPay
This service offers multiple choice cards: credit, debit, international, prepaid and contactless cards and payment systems.
Prepaid cards can be issued through co-branding arrangements with banks as physical, virtual cards or mobile wallets. They offer a service to the audience that does not hold bank accounts. This may be particularly attractive for Indian punters.
Other RuPay payment options are issued directly by public banks in India (State Bank of India, Bank of Baroda, Punjab National Bank, Bank of India...).
In case of a debit or credit card, the card applicant should visit some of the issuing bank branches. In order to be able to use these payment methods the customer must own a bank account.
A bank account can be opened after the Know Your Customer (KYC) procedure is completed and after the user provided the bank with all the necessary documents.
The identity verification may include providing the following documents: passport, Aadhaar card, PAN card, Voter’s ID, driving license, or letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of the bank. Also, the applicant may be requested a telephone or electricity bill, bank account statement, a letter from an employer or any other document as prescribed by the bank that is issuing a card.
All cards get to be delivered to the user in an activated state within one week.
Benefits of Using RuPay Casino Banking Method
RuPay is considered to be fast and reliable online casino banking method, with almost zero delay time when making deposits. Unlike some other similar methods, this one can be used at most participating casinos to both deposit and withdraw money, making managing your casino transactions significantly faster and more convenient. Not only do players have a variety of cards to choose from, the transaction processing fees are way lower than with popular international card schemes.
The Bottom Line
The RuPay payment system is very popular in India. It can be used to conduct all everyday money transactions, including online casino gambling.
The one downside is that not all online casinos that accept players from India will offer RuPay cards, but should you have it available, definitely opt for this service as it is currently one of the most convenient methods for players from India due to speed, low fees and safety.
FAQs
How safe is RuPay for online gambling transactions?
Using this payment system is absolutely safe for online gambling transactions. All RuPay payment methods use the security systems of the highest standards, which make money transfers easy and risk-free. RuPay is regulated at the national level and all payments require an OTP confirmation message, which is sent to the registered mobile number during each and every transaction that the user makes.
Does RuPay support both casino deposits and withdrawals?
RuPay supports both deposits and withdrawals; this makes it a very attractive option for online casino players from India. Depositing money and cashing-out are simple and straightforward procedures for anyone who has already used any other prepaid, debit or credit card.
Does RuPay charge transaction fees?
Sometimes online casinos charge a fee to users that make deposits and withdrawals using debit or credit cards. Usually, there is a small fee for processing transactions between the bank and the operator when using the RuPay card. These fees are typically low.
Is RuPay available on mobile?
RuPay is available on mobile for all standard NFC mobile phone devices.
Are RuPay cards accepted by most online casinos?
Many online casinos that accept players from India have not yet begun offering RuPay, mostly because Mastercard and Visa are better-known and more popular. Since RuPay is the biggest card payment system in the country, it is reasonable to expect that India-oriented casinos will begin offering this service in greater numbers in the near future.