China's citizens are following the mobile payment trend. Studies show that more than 92 percent of citizens in China's most populous cities use Alipay or Wechat, third-party payment processors, as a payment method. Even rural areas are on board, and 47 percent of rural players also preferring mobile payment methods.
Some companies are taking note. In 2017, AGTech holdings entered a contract with Alipay to distribute and sell lottery products on Alipay's Lottery Channel, depending on approval from the country's finance ministry and applicable regulations.
Alipay is an affiliate of Alibaba Group, which added AGTech to its conglomerate in 2016. Alibaba at one time accounted for more than 11 percent of China's lottery. However, in 2015, the finance ministry banned all online sales to tackle rampant fraud.
By 2020, the People's Bank released numbers that electronic payments in China grew by more than 6 percent. That same year, more than 30 billion mobile transactions were included in 62.1 billion electronic payments noted in the country. By March 2020, nearly 800 million Chinese citizens chose mobile payment options to purchase goods and services.
This trend extends to lottery online tickets. A website providing services to Chinese ticket buyers is called China Lotto, although it does not declare any official affiliation with the government. China Lotto is one of the best lottery sites and accepts several payment methods, including:
Visa Inc. is one of the most popular payment methods across the globe. By processing electronic transfers, the company manages one of the largest financial networks in the world through Visa-branded debit, pre-paid, and debit cards.
As a cooperative, Mastercard Worldwide is co-owned by more than 25,000 bank and financial establishments around the globe. Principally, the company facilitates payment processing for credit unions and banks, which issue Mastercard-branded credit, debit, and prepaid cards.
Neteller provides money transfer services online for merchants, including forex trading companies, social networks, and merchants. User transfer funds to and from merchants or bank accounts, using the Net+ card.