The Payments Infrastructure Powering Digital Competitions (Paul Clarke)

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News Source : Finextra

News Summary

  • UK Government research estimates that 14% of the adult UK population spent a total of £1.3 billion in a year.
  • More operators expect an increase in ticket sales (60%) than anticipate a decrease in sales (5%) over the next three years.
  • Frictionless entry and instant payouts don’t just create operational efficiency but build loyalty, can reduce drop-off rates and give platforms a competitive edge in a crowded market.
  • The broader creator and competition economy is only just getting started with new formats constantly emerging.
  • What they all share is a need for scalable, compliant, and user-centric payment systems.
The UKs game of skill, competition and raffle sector market is evolving fast. While there is a lack of research in this industry,UK Government research, estimates that 14% of the adult UK populatio [+3166 chars]

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