PhonePe in Indian iGaming — Research Profile

Last updated: 6 November 2026

PhonePe QR acceptance in India
Photo: FlippyFlink · Public domain · Wikimedia Commons

PhonePe is India's largest UPI app by market share, with a wallet product and one of the deepest merchant QR networks in the country.

Adoption in India

Consistently the #1 UPI app by transaction volume; effectively a default payment method for a large share of Indian smartphone users.

Supported deposits & withdrawals

Deposits: UPI push via VPA/QR, wallet, linked cards.
Withdrawals: bank credit via UPI where payouts are supported.

Payment processing characteristics

UPI-speed instant settlement; in-app transaction history and dispute flows.

Fees & limits

Consumer costfree for standard UPI payments
Limitsper underlying bank and NPCI category rules

Availability and restrictions

An application on the UPI rail — see the UPI page for the infrastructure itself. Legal note: since 1 May 2026 the Promotion and Regulation of Online Gaming Act, 2025 prohibits online money games in India and bars financial facilitation of them, so Indian payment rails must not be assumed available for gambling transactions. We never claim gambling-payment availability for a method unless specifically verified.

Security & compliance

Device binding, UPI PIN, RBI/NPCI frameworks; wallet under PPI rules.

Listed because the operator declares support for this method in our records; availability for gambling-related payments is noted per review and is not implied here.

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