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How to cope with the changing iGaming market in Southeast Asia in 2023


How to cope with the changing iGaming market in Southeast Asia in 2023

According to statistics, the Asia-Pacific online gaming market in 2019 reached US$15 billion. With the increase of Internet users, the popularization of mobile devices, the emergence of more online payment methods, and the impact of the COVID-19 epidemic restricting people’s going out, during this period in the Philippines, Malaysia, Thailand, Laos, and Indonesia, and other countries, the online gaming industry ushered in leap-forward growth.

However, as the epidemic is gradually brought under control, looking forward to 2023, will the online gaming industry in Southeast Asia maintain the growth and prosperity of the past few years? Perhaps, we can see the clues from a piece of data. YouTrip, a well-known mobile wallet platform in Singapore, claims that their online transaction volume from January to September 2020 has increased by as much as 260% compared with the same period in 2019, which shows that gamers are changing and are spending more money. 

Recently, there have been rumors that within the governments of Thailand and Malaysia, there are voices discussing whether to legalize domestic online gaming. Although the horoscope has not yet been written, it can also smell the changes in the views of Southeast Asian countries on the industry. How to get the most favorable seat in the highly competitive Southeast Asian market? No doubt, prepare more convenient online payment methods for players and create a safer and more trustworthy gaming environment. You can’t go wrong by doing these two things well.