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Danal and 17wind use mobile payments in the profitable online lottery segment in China

The overall lottery sales in China has grown at a CAGR of 33% from 1987 (year of launch) to 2012 according to agtech.com. According to the Ministry of Finance, China’s lottery sales reached $32.36 Bn in August, 2013. This figure was up 17.6% or $4.8 Bn for the same period last year. The ministry gave credit to promotion of quiz-style games and more outlets for online lottery games for the jump in sales.

One of the other reasons wh ...

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