Facts That Show UPI Payment Modes Have Redefined the Growth of Online Rummy Gaming
During the last few years, India’s online rummy gaming industry has experienced a significant surge of growth. While a number of reasons have contributed to the increasing popularity of online gaming apps such as real cash rummy games, one essential component appears to be another increasingly successful industry: digital payment applications and services or UPI. Both of these industries appear to have flourished around the same period, and they have had a good impact on each other’s growth. Third-party UPI apps are at the vanguard of India’s mobile payments infrastructure, proving UPI’s ease and trustworthiness over the times.
Huge Boom of the UPI Network in the Past Few Years
The United Payments Interface, which began as a test to transition India’s people away from the age-old cash economy and toward the stability of digital payment infrastructure, has been a huge success in terms of design and implementation. Apart from day-to-day transactions, UPI has also continued to dominate every online Indian rummy game platform’s digital payment infrastructure. UPI experienced a massive growth within these few years and some of the reasons behind this huge boom are:
The Covid-19 Outbreak Played a Major Role
In the last two years, UPI has seen a significant increase in popularity, which has been linked to a variety of sources. The Coronavirus pandemic and the accompanying lockdown that engulfed most of the countries worldwide for the last two years remain one of the most significant contributors for this huge boom of UPI platforms. Since individuals were confined at home with limited connection to the outside world, UPI platforms arose as the best alternative to the cash-based economy that most people relied on.
An Easy Way to Transfer Money Instantly
Most consumers who have become acclimated to the UPI interface don’t want to go back to searching for ATMs for a little local shopping, especially now that most merchants support UPI and all of its third-party apps. Also, transferring money online via UPI is very easy and fast.
The gaming business in India has been there for a while, but it gained its full potential in the years 2020 and 2021. Even though the entire world suffered losses due to the coronavirus pandemic and its associated lockdowns, all types of gaming initiatives witnessed huge development in these two years, whether it was real money gaming like online gaming apps or online poker. The online gaming sector appears to be increasing at a 40 % yearly pace, and it is predicted to be worth $2.2 billion by 2022.
Let’s take a look at some of the factors that have helped UPI become a fan favourite and how it helped the growth of the online gaming industry.
Freedom to Use Multiple UPI Apps
Unlike digital wallets that are not integrated to make cross-app payments, UPI is not restricted to only one kind of mobile app. A user can utilize any of the available UPI apps in the online market and link them with their bank account so that they can easily pay any amount of money to participate in any online rummy tournament. You can download a well-known online rummy app and enter into one of their tournaments to play. Simply pay the entry fees via UPI and start playing instantly.
Instant Bank to Bank Payments
UPI is considerably easier to use than digital wallets as it allows users to send money straight from their bank accounts and receive money into their preferred accounts. You won’t need to maintain any specific balance in any of the UPI apps because those apps are directly linked to your bank account, allowing you to keep a record of your bank statements without having to utilise another banking app.
Smooth Integration with Online Gaming Apps
UPI is one of the simplest payment methods to integrate into any online gaming app. There isn’t a single gaming app that doesn’t support UPI. Most online card games support UPI payment methods for every in-game transaction.
UPI Integration in Online Rummy Apps
There are many popular online rummy apps that offer some of the best rummy games and most of them have UPI facilities for easy transactions online.
UPI Allows Easy Transaction of Cash Prizes
There are many rummy games that offer real cash prizes if you can win and score well. You can also withdraw the winning cash prizes instantly to your bank account via UPI platforms.
UPI platforms have made an impressive change in the online gaming sector as well as on every other online transaction-related service. By the above facts and points, it is now clear that the rise of online payment platforms has benefitted both the gaming and non-gaming industries. Know More details about UPI apps click here: https://en.wikipedia.org/wiki/Unified_Payments_Interface