Razorpay, Cashfree, and PhonePe withdrew from high-risk verticals. FalconPay fills the gap — processing UPI at 98.5% success for iGaming, fantasy sports, forex, and crypto platforms in India.
Approved in 48 hours. Our team responds within 4 business hours.
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The 2025 regulatory shift created a gap that mainstream processors ran from. FalconPay ran toward it.
The Indian government introduced new skill-based gaming frameworks. Dream11, MPL, WinZO, and My11Circle paused real-money operations to comply. The regulatory uncertainty caused mainstream processors to apply blanket bans.
Facing RBI pressure and reputational risk, India's three largest payment gateways withdrew from iGaming, fantasy sports, forex, and crypto verticals. Thousands of compliant merchants were left without a payment processor overnight.
Skill-based gaming operators that meet the new compliance frameworks are relaunching. They urgently need a payment processor that understands this space and has direct UPI banking relationships. That is FalconPay.
Full UPI ecosystem coverage via direct banking relationships — not aggregator routing.
India's largest UPI app by volume
350M+ registered users
100M+ active UPI users
Government-backed UPI app
Growing UPI user base
Android UPI integration
HDFC, SBI, ICICI, Axis & more
Recurring mandates supported
Where mainstream processors say no, FalconPay says yes — for compliant operators.
International casino platforms targeting Indian players via UPI deposits. Full UPI stack, multi-currency settlement, and chargeback management.
✓ Actively ApprovingDream11 alternatives, My11Circle competitors, and new skill-based gaming platforms rebuilding under the 2026 compliance framework.
✓ Actively ApprovingIndian forex brokers and trading platforms requiring UPI for client deposits. RBI-aligned processing with full audit trails.
✓ Actively ApprovingINR on-ramp for crypto exchanges and Web3 platforms via UPI. Instant INR-to-stablecoin settlement available.
✓ Actively ApprovingCard games, rummy, poker, and skill-gaming platforms operating under the new Indian gaming regulatory framework.
✓ Actively ApprovingHigh-risk fintech platforms, BNPL operators, and alternative lending businesses requiring Indian payment infrastructure.
✓ Actively ApprovingSee why high-risk merchants in India have no real alternative to FalconPay.
| Feature | FalconPay | Razorpay | Cashfree | PhonePe Business |
|---|---|---|---|---|
| Approves iGaming merchants | ✓ Yes | ✗ No | ✗ No | ✗ No |
| Approves fantasy sports (real-money) | ✓ Yes | ✗ No | ✗ No | ✗ No |
| Approves forex platforms | ✓ Yes | ⚠ Limited | ✗ No | ✗ No |
| UPI success rate | 98.5% | ~80% | ~78% | ~75% |
| Stablecoin settlement | ✓ USDT / USDC | ✗ No | ✗ No | ✗ No |
| Approval time | 48 hours | 3–5 days | 3–7 days | 5–10 days |
| Chargeback management | ✓ Fully managed | ⚠ Self-serve | ⚠ Self-serve | ✗ Limited |
"Razorpay shut us down with 48 hours notice after 2 years. FalconPay had us back processing UPI within 3 days. The success rate is genuinely 98% — we track every transaction."
"We tried 4 Indian payment gateways before FalconPay. None would touch our forex platform. FalconPay approved us, gave us a dedicated account manager, and the integration took 2 days."
"The ability to settle in USDT while accepting INR via UPI is a game-changer for our cross-border operations. No other Indian gateway offers this."
Join hundreds of Indian iGaming, fantasy sports, and forex operators processing with FalconPay. 98.5% UPI success rate. INR settlement. 48-hour approval.