• Cricket Betting Paytm Cash

How to Deposit Money on Casinos & Betting Sites with Paytm. Before you start playing on most casinos and betting sites, you will have to deposit money. If you want to deposit with Paytm, you should follow these steps: 1. Locate the deposit option in the cashier section or from the menu. 22bet has a good choice of live betting markets, specifically for cricket betting. They focus on games with the Indian team and major events like the IPL and ODI & T20 World Cups. The new customer bonus of ₹7,500 is the second largest on our list and can be easily claimed by following the simple terms and conditions.

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 First suffers 224% net loss in FY20 despite 55% increase in YoY revenue

The 2020 Fiscal Year saw a great boom in the fantasy sports sector, so much so that Mobile Premier League and Dream 11 take a step closer towards becoming an unicorn. Paytm First Games, which was launched in 2018, was no exception, recording a revenue of INR 19.4 Cr, an increase of 55% year-on-year (YoY) from INR 12.5 Cr in FY19.

However, that profit came with a caveat, albeit independently. According to Inc42, Paytm First Games’ total expenses rose by 205%, from INR 39.14 Cr in FY19 to INR 119.34 Cr in FY20. That figure resulted in the company’s net loss rising by 224%, from INR 29.87 Cr in FY19 to INR 97 Cr in FY20.

With the pandemic helping the gaming sector grow massively, with people staying at home and looking for options to kill time, filings have grown substantially. As a matter of fact, Paytm First Games claimed it acquired over 75,000 new users every day during the lockdown in 2020 and the users spending anywhere between 32 to 45 minutes playing more than 100 games on the platform.

Paytm First Games, which is subsidiary of One97 Communications, which owns and operates digital payments giant Paytm, and a joint venture with AGTech Holdings Limited, has approved plans for the incorporation of a wholly-owned subsidiary company in China. The plans are to avail technical support services and exploring business opportunities in the country.

In 2020, Paytm suffered a mini setback when it was removed from the Google Play Store for violating Google’s anti-gambling policies. Federation of Indian Fantasy Sports (FIFS), headed by Dream11, had alerted Google that Paytm was running a daily fantasy sports competition under the garb of a cashback scheme on its core payments application.

Cricket Betting Paytm Cash

That, however, has been solved since then but Paytm had later accused Google of abusing its monopoly and of arm-twisting app makers. Paytm though is back on Google’s App Store and Paytm Games is available to download online.