OKTO is excited to announce the expansion of its groundbreaking real-time cash-to-digital closed-loop payment service, OKTO.CASH, into the Indian market. This strategic move represents a significant step in OKTO’s mission to revolutionize payment experiences for both merchants and consumers around the globe.

Transforming Payment Experiences in India

With the launch of OKTO.CASH in India, online merchants can now offer cash-to-digital payments at hundreds of thousands of locations across the country, including in smaller cities. The service is already benefiting its first e-merchant, with many more expected to adopt it throughout the year. This expansion highlights OKTO’s commitment to providing seamless and efficient payment solutions tailored to the needs of the digital economy.

OKTO.CASH is now accessible through an extensive network of over 100,000 retail points, thanks to a collaboration with a pan-Indian network. The company has ambitious plans to increase this reach to more than 500,000 retail points by the end of the year, ensuring broad availability for consumers to complete their cash-to-digital transactions quickly and securely.

Dedicated Local Support

OKTO has established a locally dedicated team to support this expansion and provide the best possible service and assistance. This team is instrumental in ensuring merchants and consumers enjoy a superior payment experience.

Björn Katerbau, OKTO’s Chief Distribution Officer, emphasized the company’s commitment to enhancing payment services. “This expansion underscores our commitment to delivering superior payment experiences at every transaction and in every region that requires such services. We are dedicated to empowering online merchants with enhanced payment service offerings, aligning with our strategy of being a last-mile expert and helping online merchants acquire new consumers.”

A Leader in Digital Payments

The introduction of OKTO.CASH in India reinforces OKTO’s position as a leader in the digital payment landscape. The service allows online merchants to offer a reliable and instantaneous payment option, meeting the diverse needs of consumers in the rapidly evolving digital economy. OKTO.CASH provides a seamless, real-time cash-to-digital conversion, making it a valuable tool for merchants and consumers.

This development is a testament to OKTO’s dedication to providing innovative payment solutions and its strategic vision of transforming payment experiences globally. By expanding its services into India, OKTO continues to drive forward its mission of delivering efficient and effective payment solutions that cater to the needs of a growing digital marketplace.

Source:

OKTO Expands Its Advanced OKTO.CASH Payment Service in India, oktopayments.com, June 25, 2024.

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