India Payments Collapse! The reasons are so disjointed that there are so many ~ www.deekpay.com
## Going to sea in India gaming game suffered a "big robbery": the payment channel was blocked behind the three major reasons and response strategy
Recently, the gaming players in India are experiencing an unprecedented "catastrophe" - the payment channel is frequently problematic, resulting in soaring payment costs and a prolonged payback cycle. What is the reason for this crisis? Through investigation and analysis, we have summarised the following three possible reasons:
First, India's national payment system was hacked?
Earlier this year, Jenkins officially fixed a serious vulnerability, but C-Edge Technologies, India's digital payment platform, delayed the update, resulting in a ransomware attack on its system. While officials claimed the service was back to normal, payment volatility continued for almost a month, raising suspicions that hacking was not the root cause.
Secondly, excessive woolgathering in betting games triggers wind control?
Some payment providers use their own "debit" function to maliciously charge users' credit cards, leading to a large number of user complaints. Although domestic and foreign laws have clear provisions on malicious fraud, there are still payment merchants who take the risk and are eventually investigated by law enforcement agencies. This is a wake-up call for many overseas betting and gaming players.
Third, the Indian government requires access to local payments must be an Indian company?
In recent years, the Indian government has continued to strengthen the regulation of Chinese companies and introduced policies that restrict Chinese companies from entering the local payment market. This initiative may be the main reason for the obstruction of payment access.
Overseas India, how to deal with the payment crisis?
In the face of the payment channel crisis, betting and gaming players who are sailing to India need to adopt corresponding coping strategies:
Multi-party co-operation to build a diversified payment system: Docking with multiple payment providers and keeping the Chinese background payment providers as backup.
Localised operation to reduce risk: "Indianise" the enterprise and bind it with Indian capital or plutocrats to reduce the risk from the government.
Pay attention to policy changes and adjust strategies in time: Pay close attention to the policy dynamics in India and adjust the operation mode according to the market changes.
Conclusion:
The Indian market has great potential, but its policy environment is complicated and changeable. Betting game players going to India need to be well prepared and embrace changes in order to be invincible in the fierce competition.