- November 16, 2022
The gaming industry has a long history of development. However, the borderless online gaming industry has become the mainstream of the gaming industry with the progress of the times and the popularization of technology. It has developed various forms with regional development. In the early days, it took a lot of manpower, time, and money to build an online gaming website. Fortunately, now you only need to choose a packet network solution through a packet network company. As a result, you can save time in building an online gaming game website, operation background, game API, and other complicated procedures. However, to become a successful online gaming platform, you should have a variety of gaming games to attract online gaming players. Additionally, the online gaming payment channel must not be underestimated. After all, online gaming platforms will be unable to generate revenue without online gaming payment channels.
Many people may have heard of the online gaming payment industry or payment channels. However, they do not know much about it. They wonder what the role of the online gaming payment industry in the online gaming market is. Some may question what kind of situation the online gaming payment industry is facing today. Let TC-GAMING educate you about the development and future of the online gaming payment industry.
The online gaming payment industry provides payment channels for online gaming platforms. Online game players obtain payment channels provided by the online game payment industry from the game platform to recharge or withdraw money. The most commonly used payment channels in the online gaming payment industry are the third-party payment interface and bank cards.
However, the Chinese government has taken various strong measures to control China's online gaming industry since 2019. Both third-party payment and bank cards have become the regulatory scope of financial rectification. Additionally, the flow of funds in third-party payment and bank card accounts is strictly monitored. Account revenue and expenditure, online bank revenue and expenditure records, large account transactions, and abnormal flow will be listed as suspicious transactions for monitoring, resulting in frozen accounts. The purpose is to stop the source of third-party payment funding for China's online gaming industry and bank transactions completely.
The series of policies of the Chinese government have severely impacted the online gaming market and the online gaming payment industry. Some online gaming platforms even lost to the Chinese government’s series of suppression of online gaming in China. Therefore, they had to withdraw from China's online gaming market. However, there are also some online gaming platforms and payment industries continuing to operate. They have begun to move to the online gaming market in other regions. At this time, various exclusive Southeast Asian package network solutions and the online gaming market in Southeast Asia received great attention. Additionally, TC-GAMING White Label companies entered the online gaming market in Southeast Asia, one after another. Furthermore, they launched the Southeast Asian online gaming solution at the same time to seize the online gaming market in Southeast Asia.
The online gaming market in Southeast Asia is becoming popular and an emerging market for online gaming because most of the countries in Southeast Asia are developing with a large population. At the same time, the popularization of the economy and technology is developing rapidly. Therefore, the policy is relatively loose. However, the social culture, language use, and online gaming user habits in the Southeast Asian online gaming market are quite different from the Chinese online gaming market. In addition, the payment channels used by the online gaming payment industry to enter the Southeast Asian online gaming market are also different from those in the Chinese online gaming market.
In addition to the payment channels and bank cards of the third-party payment interface, the online gaming payment industry also uses common payment channels, such as credit cards and debit cards, in the Southeast Asian online gaming market. Even virtual currencies, which have been quite popular in recent years, have begun to become one of the payment channels for the online gaming payment industry. No matter what kind of payment channels the online gaming payment industry can provide in the online gaming market in Southeast Asia, the most important thing among them is that the online gaming payment industry can allow online gaming players in Southeast Asia to use local currency to recharge and withdraw money. As a result, there is no need to pay additional fees related to currency conversion, which is the most important thing for players in the Southeast Asian online gaming market.
Today's Southeast Asian online gaming market is still developing. The online gaming payment industry still has considerable room for development in the Southeast Asian online gaming market. The technology and economy are growing rapidly in Southeast Asia. As a result, the third-party payment interface most commonly used in the online gaming payment industry is beginning to prevail in Southeast Asia. The payment interface is used in daily life in Southeast Asia. The popular virtual currency worldwide is more likely to be used in the online gaming payment industry in the future.