Revealing iGaming Trends 2024 We Spotted at SiGMA Asia Conference

The Philippines buzzed with excitement as SiGMA Asia 2024, the global gateway to the online gaming world, unfolded in Manila this June. Trusted by industry leaders and boasting six annual conferences worldwide, SiGMA offers a unique platform for iGaming businesses to connect, exchange ideas, and stay ahead of the curve. This year’s event didn’t disappoint, featuring thought-provoking discussions, bustling exhibitions, and, for Spoynt, a valuable opportunity to showcase how we empower iGaming businesses to navigate the ever-evolving payments landscape, particularly in the booming Asian market. Our sales manager Ralph Salita reveals the key iGaming trends 2024 spotted at the conference. 

The Future of iGaming

Conversations at SiGMA Asia centered on the key trends shaping the iGaming business in 2024:

1. Unseating Traditional Methods: E-wallets Take Over iGaming. E-wallets are no longer a novelty, but a dominant force shaping iGaming payments. Panelists discussed the significant impact e-wallets have had on the industry in recent years, showcasing their phenomenal growth trajectory. This trend underlines the importance of offering popular e-wallet options for a seamless user experience and staying competitive.
2. Mobile Payments Surge in Popularity. The dominance of smartphones has fuelled the demand for convenient mobile payment solutions. As users prioritize on-the-go convenience, offering optimized mobile payment methods has become essential for capturing and retaining customers.
3. Diversifying Payment Options is a Key to Success. The golden rule of ‘don’t put all your eggs in one basket’ holds true for iGaming payments. Relying solely on traditional methods like card payments or bank transfers leaves you vulnerable to potential disruptions and limits your reach. This is where a diverse portfolio of alternative payment methods proves invaluable. By offering regional favorites like UPI in India, MomoPay in Vietnam, TrueMoney or PromptPay in Thailand, you cater to local preferences and increase your potential customer base.

Don’t Gamble with Payments: Finding Reliable Payment Solutions Partner is Key to Success

These iGaming trends highlight the critical role payment solutions play in the success of iGaming businesses. So, how can Spoynt help you to thrive in this dynamic environment?

• We offer a comprehensive suite of payment options, including popular e-wallets, mobile payment solutions, and a diverse range of regional alternatives. With Spoynt, you can cater to your players’ diverse preferences and tap into new markets, regardless of their location.
• Navigating the intricacies of local payment regulations in Asia can be a challenge. Spoynt streamlines this process, ensuring your business complies with regional regulations and leverages the most efficient local payment solutions for optimal performance.
• As the iGaming market expands geographically, Spoynt facilitates secure and efficient cross-border transactions. This empowers you to reach a wider audience without worrying about payment complexities, maximizing your potential reach.
• Security is crucial for the iGaming businesses. Spoynt utilizes fraud prevention tools to safeguard your business and your players’ financial information, fostering trust and a secure gaming environment.

Beyond the Conference. Takeaways and Looking Ahead

SiGMA Asia 2024 was a resounding success. The expo teemed with exciting conversations, fostering valuable connections within the iGaming community. Here are some key takeaways for iGaming businesses looking to stay ahead of the curve:

• Asia’s iGaming market is booming. The Philippines, in particular, is attracting increased attention thanks to its growing industry and welcoming environment.
• Staying informed is critical. Events like SiGMA offer invaluable insights into the latest trends and innovations shaping the future of iGaming.
• Adaptability is key. By embracing new technologies like e-wallets and mobile payments, catering to local preferences, and offering a diverse range of payment options, iGaming businesses can remain competitive and unlock new growth opportunities.

Spoynt is committed to being your trusted partner, empowering you to navigate the evolving payments landscape and unlock your full growth potential within the world of iGaming.

Ready to level up your iGaming success with a payment solution that grows with you? Get in touch and let’s work together.