Without a doubt, India is the fastest growing mobile payment market on the planet. In 2021, smartphone money transfers in the world’s second most populous country surpassed credit card transactions, marking an annual value topping the $1 trillion mark. The main reason for this is that a significant portion of the Indian population resides in rural areas where the banking sector cannot fully meet their financial needs.
Hence, high smartphone penetration, cheap internet data and India’s biometric ID card have fueled the rapid rise of online mobile payments, compared of Credit Lyonnais Securities Asia, better known as CLSA. So, it stands to reason that with so many Indians using apps to pay for goods and services, many offshore sports betting sites will allow these transaction methods.
Cash apps are all the rage in India, with options like Paytm, Google Pay, Amazon Pay, PhonePe and BHIM dominating the market. Hence, these now rank as very popular payment options in internet sports betting which also offer cash app games. Below, we outline the five most popular picks for Indian sports players.
When the topic of internet sports betting comes up in India, 10CRIC is likely to be mentioned. Indeed, according to most online reviews, this is the highest quality sports betting option for residents of Asia. Moreover, it offers more cricket betting markets than any other online bookmaker.
10CRIC also prides itself on its fee-free withdrawals while boasting a reputation as a site offering fast payouts for sports betting and online casino apps. Fund withdrawal options include here Payment and PhonePe. The downsides of using the platform include that it doesn’t list a host of eSports markets, and there are no horse racing bets here.
Parimatch is an international betting brand that was founded in Kyiv, Ukraine in 1994. It moved to Russia in 1998 and entered the digital sphere two years later. Currently, Parimatch is headquartered in Cyprus, a tax-friendly European country. The company offers its internet sports betting and casino services internationally through a license obtained by Curacao eGaming. In specific markets, the UK for example, Parimatch uses a subsidiary like BV Gaming, which has UKGC approval to accept UK players under its banner.
Indians love Parimatch as it focuses on cricket and accepts several India-specific transaction methods like UPI, Paytm and IMPS as well as popular e-wallets like Skrill and Neteller. Live betting on T20 and IPL matches is a thing here, and in 2019 Parimatch signed Mike Tyson and Conor McGregor to act as brand ambassadors, showing the financial might of this company.
Betway is a global bookmaker and cash app casino. It was operational in 2006, and the products of this company include a platform dedicated to electronic sports and another that provides games that pay instantly to money applications.
Betway is famous for sponsoring several football clubs such as Eintracht Frankfurt, Everton, West Ham United, Levante and Deportivo Alavés. But it is also renowned in India for offering a fantastic range of cricket betting types. It allows you to bet on the Pro Kabaddi League but does not offer you any betting options on the sport’s other competitions. It supports Paytm, PhonePe, GooglePay and UPI deposits, and its casino lobby is on par with those of highly established online casinos like Las Atlantis and El Royale.
According to online forums and social media posts, there are few complaints about the service 4Rabet provides to Indian sports betting experts. It offers them the sought after withdrawal feature, live betting and streaming events for its customers. Additionally, 4Rabet has a great mobile app and dozens of sports betting markets that offer something for every type of bettor.
Umbrella Development BV, based in Curacao, operates this platform under a license from master licensee Antillephone. It is one of four bodies authorized by the Curacao government to issue sub-licences to operators they deem worthy. 4Rabet allows deposits and withdrawals via Paytm, Google Pay, PhonePe, IMPS, Perfect Money and Neteller. Moreover, it can also facilitate Bitcoin transfers for crypto-gaming enthusiasts.
Rabona hit the internet in 2019 as a new addition to the Soft2Bet Group’s gaming/betting portfolio. Like 4Rabet, Rabona has also gained approval from Antillephone to accept players from over a hundred regions. It is a brilliant betting center for sports fans, with a modern design and top-notch customer support. The odds here are competitive and the number of markets is vast.
Besides sports betting fun, Rabona lets you test your luck on horse racing, virtual sports, slots, live casino games, arcades, lottery-style options, and more. The promotions on this site are alluring and Indian players can use Skrill, Neteller, Paytm, UPI, eZeeWallet and several cryptos here.
This article was written in collaboration with legit iGaming analysts.