Electronic Payment Brings New Opportunities to Lotteries

Evolution in consumer payment preferences and changing legislative requirements for cash payment are bringing new opportunities to Lottery’s. Most Lottery’s still operate under “cash only” laws prohibiting the use of payment cards or iWallets for payment, but that is changing. Lotteries have identified a connection between aging demographics of lottery players and younger consumer’s preference for electronic payment. The conclusion is that without modernization,....

Recent Content