Interwetten Group has officially launched OKTO.CASH, a new cash-to-digital payment solution, for its users in Germany. This development represents a significant step forward for OKTO as it broadens its reach within the German market, enhancing its leadership in cash-to-digital solutions across Europe. Following this initial launch, plans for further rollouts across Europe are already underway.
The OKTO.CASH service allows Interwetten users to easily and securely top up their accounts with cash, utilizing an extensive network of more than 14,000 retail locations throughout Germany. Popular chains such as Avia, Esso, Lotto, OMV, Q1, Shell, Tamoil, and Westfalen are included in this network, providing users with convenient access to funding options.
Enhanced Convenience for Users
René Hartl, Interwetten’s Head of Payment Operations, expressed enthusiasm about the partnership, stating, “With OKTO.CASH, our players can easily deposit cash into their Interwetten accounts from familiar locations, giving them unprecedented convenience and flexibility.” This solution not only simplifies the funding process for users but also aligns with the ongoing trend in the German iGaming market, where cash transactions remain a preferred method for many players.
The introduction of OKTO.CASH marks a pivotal moment for Interwetten, as it seeks to cater to the evolving preferences of its user base. By allowing cash deposits through well-known retail locations, the service enhances the user experience and provides a seamless transition from physical cash to digital funds.
Plans for Broader Expansion
Following the successful launch in Germany, OKTO has plans to expand its cash-to-digital solution into other European markets. Mikhail Ovsepyan, Head of Germany at OKTO, commented, “This partnership underscores our dedication to expanding across the region and beyond, while delivering cutting-edge payment solutions that meet the needs of iGaming fans.” The collaborative effort between OKTO and Interwetten aims to transform the gaming payment landscape by offering unparalleled convenience and security for users.
Earlier this year, OKTO also launched the same cash-to-digital payment solution, OKTO.CASH, in India, allowing customers there to top up their accounts at over 100,000 retail points. This strategic approach has strengthened OKTO’s presence in various markets and reinforced its commitment to providing innovative payment solutions.
While the launch of OKTO.CASH brings numerous advantages to Interwetten’s customers, it’s noteworthy that the platform recently announced the removal of betting options for local amateur football matches. This decision comes amid efforts to streamline operations and focus on other betting areas.
As the collaboration between Interwetten and OKTO continues to evolve, users in Germany can look forward to enhanced payment options that facilitate a more user-friendly and secure iGaming experience.
Source:
“Fresh off the press! Interwetten Group has rolled out OKTO.CASH“, linkedin.com, October 2024.