Danal takes on payment processing for first Chinese online lottery site

Tuesday, 15/10/2013 | 00:00 GMT by FMAdmin Someone
Danal takes on payment processing for first Chinese online lottery site

17Wind has hired Danal’s BiltoMobile to handle payment on the Lottery website.

Legal adjustments in China have brought the lottery market (historically a government owned sector) into the private arena with 17wind as the first licensed website for such online services. The online lottery market was valued at USD 4.8 billion in 2012 but according to those who know, policy changes will bring this number up to USD 13 billion in 2013.

“Danal’s diverse mobile and alternative payment solution caters really well to the Chinese market and is therefore very well-received by all local companies,” said Jin Gon Jo, Head of Danal China. “Bringing mobile Payments to 17wind’s online lottery service is an exciting new segment and we are looking forward to an accelerated growth in the coming months.”

17Wind has hired Danal’s BiltoMobile to handle payment on the Lottery website.

Legal adjustments in China have brought the lottery market (historically a government owned sector) into the private arena with 17wind as the first licensed website for such online services. The online lottery market was valued at USD 4.8 billion in 2012 but according to those who know, policy changes will bring this number up to USD 13 billion in 2013.

“Danal’s diverse mobile and alternative payment solution caters really well to the Chinese market and is therefore very well-received by all local companies,” said Jin Gon Jo, Head of Danal China. “Bringing mobile Payments to 17wind’s online lottery service is an exciting new segment and we are looking forward to an accelerated growth in the coming months.”

Topics
Gambling
regulation
Gaming
china
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