The rise of Chinese mobile payments is one of the topics that will be discussed at the Payment Solutions Summit, which is part of the four-day iGaming Super Show 2017.
Recent market data showed that China’s mobile payments sector is now worth $5.5 trillion—more than 50 times bigger than that of the United States—as more and more retailers start using online payments at their physical stores, according to Financial Times. For instance, Starbucks began accepting WeChat Pay at its China stores early this year.
And, as we all know, mobile payments is one of the hottest topics in the online gambling industry.
On Thursday, Chelsea Securities Vice President Fred Lum and Le Prevost Consultancy CEO Robin Le Prevost will hold a panel session focusing on China and its mobile payments providers, including WeChat Pay, AliPay and China UnionPay.
In the session, executives will hear about the landscape of the Chinese payment market, the leading providers, their market share, product differentiation and whether co-existence between WeChat and Alipay is impossible or unavoidable.
Meanwhile, a separate session will focus on the challenges of doing business in Africa.
Priya Thakoor, head of digital strategy at Barclays Africa Group Ltd., will delve into the best payment types for iGaming in Sub-Saharan Africa, exploring the varied payment options that exist within the region as well as digital adoption, payment usage and behavioral patterns in these markets. Among the topics that will discussed include QR codes, near field communication, mobile money and biometrics.
The panel sessions are part of the Payment Solutions Summit, a dedicated conference at the iGaming Super Show 2017 focusing on the rapidly growing payments sector. The conference will provide a comprehensive overview of the entire global payments ecosystem and ensures that attendees will be up to speed in the landscape as it exists today and in the future.
The Payment Solutions Summit is part of the four-day iGaming Super Show 2017 that takes place on July 11-14, 2017, at the RAI. Aside from payment solutions, the iGaming Super Show has nine events in one location including player acquisition, regulation and compliance, sports betting, binary/financial and affiliate events.