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The United States isn’t the only country in the world where eWallets are popular. Several countries have embraced the concept. In Vietnam, the State Bank has licensed 9Pay to provide eWallet services. They’re not well-known outside the country, but locally their user base is growing. 9Pay is now attempting to break into the online gambling space.

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What is a 9Pay Casino?

Online casinos that accept 9Pay as a deposit option are known as 9Pay casinos. There aren’t many of them, but 9Pay was just licensed by the State Bank of Vietnam in 2020. They’re officially categorised as an “intermediary payment service.” That allows them to deliver an electronic payment gateway, collections, secure payments, and eWallet services.

As a relative newcomer in the Vietnamese eWallet space, it’s taken some time for 9Pay to break into the market. Their three main competitors are MoMo, Moca, and ZaloPay. 9Pay is looking to compete with them in the eCommerce space. They weren’t specifically built for online gambling, but the company does see the space as a potentially lucrative market.

9Pay is most popular as a bill-paying app. Users must be residents of Vietnam and have a Vietnamese cell phone number to register an account. The eWallet only works with one currency, the Vietnamese Dong, which may be impeding its growth in the global online gambling market. Another issue is that online gambling is illegal in Vietnam.

Pro and Cons of 9Pay Casinos

It’s difficult to come up with a full list of pros and cons for a payment method with such a small footprint in the online casino gambling space, but 9Pay has built a reputation with eCommerce merchants. The following is based on those interactions. We’ll update this list as 9Pay grows its presence with online casinos and sportsbooks.

  • Thumbs-Up 9Pay can process payments instantly and bank transfers within a few minutes. Their technology is superior and secure.
  • Thumbs-Up Setting up a 9Pay account is simple if you’re a Vietnamese resident with a local phone number registered in your name.
  • Thumbs-Up 9Pay is licensed and regulated by the State Bank of Vietnam. It’s exclusively available to Vietnamese residents.
  • Thumbs-Up New fintech companies typically build with the newest technology. 9Pay has some of the most advanced codings in the fintech space.
  • Thumbs-Down Processing fees for 9Pay bank transfers tend to be high. In some cases, they range close to 10% of the total transaction.
  • Thumbs-Down As of this writing, 9Pay is only available in Vietnam for Vietnamese residents. Expanding to a more global market does not seem to be in the plans yet.

How to Make a Casino Deposit With 9Pay

9Pay is an eWallet developed by a company named PaymentWall. It can be connected to the user’s bank account and used for a bank transfer, or funds can be loaded directly into the wallet. Making a casino deposit from there is simple. Use the following steps:

  1. Open an online account at the 9Pay casino
  2. Find the cashier’s booth or banking area
  3. Select “9Pay” as the preferred deposit method
  4. Enter your 9Pay mobile phone number
  5. Enter the passcode for your 9Pay account
  6. Wait for an OTP code to be sent to your mobile phone
  7. Use the OTP code to complete the transfer

9Pay Casinos Deposit Fee

Transaction fees for 9Pay bank transfers are higher than normal. In some cases, they could range as high as 10%. Online casinos don’t usually charge a fee for deposits, so any fees will come from 9Pay itself. Deposits made using the balance in the 9Pay wallet are free and instant, so it’s recommended that users choose that option if possible.

How to Make a Casino Withdrawal With 9Pay

Withdrawals using 9Pay may not be available at all casinos. If that’s the case at your preferred casino, there are other ways to take payouts. You can use another payment processor, have funds applied to your credit card, or transferred via ACH to your bank account.

  1. Go back to the cashier’s booth or banking area
  2. Select “9Pay” as the preferred withdrawal method
  3. Enter your 9Pay mobile phone number
  4. Enter the passcode for your 9Pay account
  5. Wait for an OTP code to be sent to your mobile phone
  6. Use the OTP code to complete the transfer

9Pay Payout Fees

Taking a payout directly into a 9Pay eWallet is free. Transferring funds into your bank account through 9Pay could be costly. Online gamblers at 9Pay casinos should try to leave a percentage of any funds they win in their eWallet for use in their next session. Winners also have the option of taking their payout as a bank check if they’d prefer not to pay any fees.

How to Setup a 9Pay Account

The 9Pay eWallet is only available in Vietnam for Vietnamese residents. Users are required to have a local phone number and a bank account that 9Pay can be connected to. Registering for a 9Pay account can be done in a few simple steps on their website. There’s additional information available on this payment method at PaymentWall.com.

Why Choose 9Pay Online Casinos?

9Pay is new to the online casino world. Their technology is excellent, and they’re backed by the State Bank of Vietnam. Gambling in Vietnam is illegal, but it’s popular in Southeast Asia. For those choosing to play at those casinos, 9Pay is a safe and secure way to transfer funds. They’re making headway in the space, so more options should be available soon.

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9Pay Casinos FAQs

There’s very little information on this payment method available at this time, but we’ve compiled a list of frequently asked questions that we do have answers to. We’ll continue to provide more information as it becomes available. Here’s what we know so far:

We’re still compiling a list of these. Check back again later.

9Pay is a safe and secure eWallet for Vietnamese citizens. It’s licensed by the State Bank of Vietnam and meets all their most recent security requirements.

9Pay is not currently available in the United Kingdom, as there are no laws prohibiting them from expanding there. They’re still young, so that could happen in the future.

9Pay is owned and operated by PaymentWall, which is headquartered in San Francisco, California. They’re licensed and monitored by the State Bank of Vietnam.

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Kevin Flynn is a lean start-up business consultant, PowerMBA, and Senior Financial Markets Editor at Investors Prism. He lives in Leominster, Massachusetts, with his wife…

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