We want to open a gaming business for Asian countries - Japan, China, and Thailand. What payment systems do you think will be convenient for this region? Thanks in advance.
The Asian online gambling market is very attractive due to the developing economy and population density, but the local government complicates the work with its conservative attitude. And if we consider your countries, we will come to the fact that
- 1. Online gambling is prohibited in China, including Hong Kong. But there is an opportunity to launch your online gambling project in Macau. However, since 2010, only 8 new gambling projects have opened in Macau, and since 2018 the list has not been updated at all, which suggests that new projects have not received a local gambling license for about 4 years.
- 2. Online gambling can be implemented in Japan, provided that the company must be registered in another country.
- 3. All types of gambling are completely banned in Thailand.
We recommend considering the Indian market, which is developing very well in this area due to the practical lack of regulation by the state.
And regarding payment gateways, based on the above, we recommend that you take a closer look at crypto payments, which greatly simplify access to the market for people in jurisdictions where gambling is prohibited. Since in most Asian countries, any transactions involving gambling sites can arouse suspicion from banks and, subsequently, from government regulatory authorities.
Most popular payment gates would be like:
Summing up, it is worth considering that it is not easy to enter the Asian market. To do this, you will need, in most cases, an international gambling license and payment gateways that will be able to accept crypto payments.