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India has become a leading force in fintech, and with more than 1.3 billion people in the country, availability and convenience are a must. With the rise of quality platforms for Asian players, you can play your favourite games from the comfort of home. In this guide, though, we’re looking at an Indian-facing payment method in the form of MobiKwik casinos. Over 120 million Indian residents already use this option daily, so if you’re curious to see how it performs at online casinos, read on.
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MobiKwik was established in India in 2009 by Bipin Preet Singh and Upasana Taku. Since then, the product line has expanded to offer a variety of mobile and e-wallet services. It’s also one of the most popular mobile banking options in India that people use to pay bills, recharge their phones, transfer funds and play at their favourite online MobiKwik casinos.
One of the most popular options in the brand’s range is its e-wallet that launched in 2012. With it, you can make online deposits and fund your casino account or cash out your winnings whenever you want to. To use the service, you do need to register at MobiKwik and install the e-wallet on your Android or iOS mobile device and download the app. After that, it’s all plain payment sailing.
As if that’s not enticing enough, MobiKwik is cheap, easy, fast and lets you do so much more than simply play casino games online.
Creating an Account
Before you can start playing at the top-rated MobiKwik casinos in Asia, you need a MobiKwik account. No matter how good a casino payment method might be, it’s no good if you need to jump through hoops to create an account. The good news is that the MobiKwik signup process is easy and involves secure two-factor authentication.
Go to the MobiKwik website.
Click the Signup box on the right side of the page’s header.
Enter your phone number and wait for the One-Time Pin to verify your identity and phone number. Enter the OTP in the box.
Connect your bank account or credit card to your new MobiKwik account so you can top up your e-wallet whenever you need to.
Funding MobiKwik Accounts
You’ve registered, you have an e-wallet and you’ve downloaded the app. Now it’s time to choose one of the best MobiKwik casinos from our top list and register an account. Signing up at the casino is just as quick and easy, and you’ll simply need to follow the onscreen registration instructions.
You’ll want to make sure you have the MobiKwik app installed on your device as it can easily cut depositing time down from minutes to mere seconds.
Once your casino account is set up and verified, you can head over to the banking section and choose MobiKwik as your preferred payment method.
You’ll want to make sure you have funds in your e-wallet, and you can do this by using your original bank account, a credit or debit card or via Net banking. MobiKwik e-wallets accept a minimum amount of 1 NIR and you’ll be charged a 1.77% processing fee for funding your e-wallet.
Next, enter the amount you want to deposit into your casino account. The funds should reflect in seconds, allowing you to claim offers and play your favourite games at online casinos in Asia.
Once fortune has favoured you playing your favourite casino games, it’s time to get your hands on your winnings. Fortunately, withdrawing funds from online MobiKwik casinos is just as easy as making a deposit.
Like any payment method, processing times can vary from one casino operator to the next. Typically, MobiKwik e-wallet withdrawals are processed instantly or, at most, within 24 hours.
To get your funds, head back to the casino’s banking section, choose withdrawals and pick MobiKwik payment service for your transaction.
Enter the amount you want to withdraw – remember to abide by the casino’s minimum and maximum withdrawal amounts.
There are usually no additional fees for withdrawing from MobiKwik online casinos, but it’s something you should check out before you sign up at a particular site.
Once the casino has processed your request, the funds will reflect in your MobiKwik account, and you can spend them as you like. You might want to transfer the funds to your original bank account or even leave them there in the e-wallet for future purchases.
Just the way different casinos have different caps on deposits and withdrawals, so does MobiKwik have its own transfer limits. All users of this payment method incur a 20,000 INR cap on transactions to and from online casinos.
It’s certainly not ideal, and it’s likely to put you off if you are a high roller. But it’s also not that bad. It’s MobiKwik’s way of preventing money laundering and fraud.
Bonuses and Promotions
Whether you’re searching for the most rewarding welcome bonus, fancy free spins or simply want to play at a casino that rewards its regular players, MobiKwik casinos offer a variety of lucrative bonuses and promotions to make the most of your funds.
There’s no denying that bonuses are one of the best parts of online gambling and while several e-wallet payment methods are excluded from casino promotions, MobiKwik is not one of them. This means you can claim bonuses to your heart’s content when you pay and play with this payment method.
While the types of bonuses depend on the casino, you can expect popular offers, such as:
As always, we urge you to go through the fine print with a fine-tooth comb. It’s tedious, we know, but you don’t want to use your bonus funds, score a win and then lose it all.
Safety and Security
The MobiKwik service itself is licensed and approved by the Reserve Bank of India. On top of that, MobiKwik casinos provide their own level of security in the form of 128-bit SSL encryption and firewall security. This is top stuff in security terms that banks use to code and secure your personal data and finances.
So, when you play at MobiKwik casinos, you can rest assured that you are completely safe and free to play with peace of mind.
Yes, the company is regulated by the Reserve Bank of India, allowing it to provide financial services and abide by stringent rules, as well as undergo audits regularly.
In most cases, 24 hours is the norm, provided you’ve completed the casino’s KYC process.
With your digital wallet, you can make money transfers (for a fee), recharge your phone, buy bus tickets, pay bills and fund your online casino account.
It’s not a requirement, but it is a good idea if you want to increase your deposit limits and access all the features this e-wallet has to offer.
Absolutely, check out our list of recommended MobiKwik casinos for the latest bonuses and promotions to suit your budget.
Yes, besides a casino’s minimum and maximum transaction limits, MobiKwik itself imposes an INR 20,000 daily limit on both deposits and withdrawals.
Right here. We’ve put together a list of the best MobiKwik casinos that allow you to play everything from slots and table games to Teen Patti and Sic Bo and everything in between.
While the MobiKwik recharge feature is available in over 150 countries, the e-wallet may only be used in India.
Pros and Cons
|PayTM||PayTM also caters specifically to the Indian market and is a large payment platform that integrates seamlessly with online casinos.|
|Apple Pay||Another popular casino mobile payment method, Apple Pay provides fast and secure transactions.|
|RuPay||RuPay Cards make for safe and swift online casino deposits and withdrawals for Asian players.|
|FreeCharge||This is India’s fastest-growing digital payment platform that completes transactions within 10 seconds. While it’s not yet widely accepted at online casinos, watch this space.|
Yes, MobiKwik is only available to the Indian market, but it does make for a convenient, safe and fast e-wallet option when you play at MobiKwik casinos. You can enjoy all your favourite slots, card games, sports betting and more for real Rupees and real wins if luck is on your side.
So, as far as Indian casino payment methods go, this one is safe, regulated and allows you to play in Rupees. It’s also incredibly versatile, allowing you to use it for purchases, payments and online gambling. In fact, MobiKwik processes millions of gambling transactions every year.
Casino deposits with this option are instant and withdrawals take no more than 24 hours – that’s a whole lot faster than transfers or credit card transactions. The only real downfall is that there is an INR 20,000 daily limit for MobiKwik deposits and withdrawals.
While it’s not yet widely accepted at online casinos in Asia, it might just be the perfect payment solution for you. Take a look through our list of MobiKwik casinos, and if you like what they have to offer, sign up and try them out.
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