Digital payment solution provider OKTO partners with Eventogioco, a rapidly growing operator in the Italian iGaming industry. Under the deal, OKTO will provide the iGaming operator with an innovative cash-to-digital payment solution, OKTO PVR, designed to ensure seamless digital transactions and the continued adherence to regulatory standards. The partnership also represents a significant milestone in provider’s expansion of its cash-to-digital payment facility in the Italian market.

OKTO PVR Digital Wallet Solution

Indeed, OKTO PVR is tailored specifically for the Italian gaming industry. The advanced wallet solution facilitates a smooth integration with the operator’s iGaming technology to provide easy, secure, and compliant transactions at all times. Meticulously forged to meet the player’s requirement for a quick, easy, and secure access to gaming withdrawals and deposits, the payment feature integration is supported by cutting-edge technology and the full compliance with the existing and the forthcoming Italian regulations.

Fully Compliant Operations

The levels of security and compliance offered by the digital wallet solution represent the key components in structuring the latest deal. OKTO and Eventogioco recognize the importance of the continued adherence to gaming regulations to be equally committed to ensuring compliance across their respective operations. The latest digital payment solution supply deal will help operators and players take advantage of the important tool employed to minimize downtimes during the play.

Easy Product Integration

At the same time, the Italian operator offering a wide range of quality products and services pays a particular attention to market changes. Therefore Eventogioco thrives to implement the latest solutions to meet the highest standards and simultaneously provide easy-to-use solutions to players. The OKTO PVR digital payment solution is the latest of these tools available for Italian players through an easy integration with Exalogic, the associated advisory tool. This integration will top up the player’s iGaming account with cash from the retail locations with recharge points.

Commenting on the partnership,Dante Micucci, Country Manager Italy of OKTO, said: “We are glad to collaborate with Eventogioco to expand OKTO PVR in the Italian gaming market. Our objective is to empower gaming operators with the necessary tools to succeed in an ever-evolving regulatory landscape. Italy is on the verge of a transformative regulatory shift, and the time to act is now. With years of strategic foresight and meticulous planning, we stand as operators’ seasoned partners, offering innovative and compliant payment solutions tailored for Italy’s transition. OKTO PVR and OKTO CASH provide the means for our partners to drive success.”

Patrizia Sauli of Eventogioco, commented: “Incorporating OKTO PVR into our offering was a seamless and efficient process. OKTO’s phygital payment solution seamlessly integrates with Exalogic, enabling our players to easily top up their i-gaming accounts with cash at retail locations equipped with recharge points. The product blends the excitement of online gaming with cash transactions. This ensures convenient access to funds and uninterrupted gaming experiences for our players while we remain ahead of the regulatory shift in the region.”

Source: ”Eventogioco goes Cash-to-Digital with OKTO”. European Gaming. March 12, 2024.

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Macao Srl, a reputable stakeholder in the Italian iGaming industry, has entered a partnership with OKTO, a digital payment solution provider. Under the deal, the operator will use the provider’s cash-to-digital payment solution, OKTO.PVR, reportedly designed to revolutionize digital transactions in Italy while ensuring compliance with regulatory standards.

Dante Micucci, Country Manager Italy of OKTO, said: “Our partnership with Macao Srl reflects a shared commitment to payment compliance. OKTO.PVR, an innovative solution, simplifies adherence to new Italian regulations for iGaming operators, providing essential tools to thrive in this evolving regulatory environment. Our goal is to empower gaming operators with the necessary resources for success in the ever-changing regulatory landscape. OKTO.PVR embodies our dedication to innovation and delivering solutions that drive success for our partners.”

About the Partners

OKTO powers digital payments for retail and online environment and boasts of solutions facilitating cashless payments, as well as payment aggregation and multiple payments through a single integration. The OKTO.PVR product is an addition to the OKTO.WALLET product line tailored for the Italian Top-up Sales Points (PVR) market.

Macao Srl, a 100% Italian company and a renowned operator of legal gambling in Italy, offers a wide range of quality products and services, such as omni-channel online games for desktop, mobile, and app. The operator uses an innovative approach and a comprehensive technology to operate sports betting, live streaming, live casino games, poker, lotteries, and more. The company pays particular attention to market changes and the implementation of the latest solutions to meet the highest iGaming standards and simultaneously provide easy-to-use solutions to players.

B2B Partnership

The partnership between Macao Srl and the digital payment solution provider OKTO represents a move aligned with the operator’s strategy. The latest deal will therefore result in the OKTO.PVR integration with the operator’s respective payment facilities to enable fast, reliable and compliant transactions among operators and their customers.

Product Bridges the Gap

Andra Ribotta, chairman of the board of directors of Macao Srl, said: “Incorporating OKTO PVR into our offering was a seamless and efficient process. OKTO’s digital payment solution seamlessly integrates with Exalogic, enabling Macao Srl players to easily top up their i-gaming accounts with cash at retail locations equipped with recharge points. OKTO.PVR bridges the gap between the digital and physical realms, blending the excitement of online gaming with the tangible world of cash transactions. This ensures convenient access to funds and uninterrupted gaming experiences for our players.”

Source: “Macao Srl Joins OKTO’s Revolutionary Cash-to- Digital Payments”. EuropeanGaming. December 11, 2023.

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In a strategic move to bolster its presence in North America, OKTO, the Greece-based payments group, has announced the successful acquisition of Flexia Payments, a specialized fintech company headquartered in the United States. 

OKTO and Flexia Pioneer Digital Payments in North American Casinos

Flexia Payments, renowned for its innovative cashless system, is seamlessly integrated with key partners including WinSystems, Axes Information Management Systems, and CasinoTrac. The collaboration between OKTO and Flexia aims to accelerate the digital transformation of customer experiences in both gaming and non-gaming activities across various casinos and gaming venues in North America.

OKTO’s vice president of North America, Theo Engelis, expressed his enthusiasm about the partnership, stating: “This acquisition aims to place OKTO at the forefront of digital payment services provision in the North American land-based and online gaming markets via its omnichannel offering. We’re excited about this partnership, which marks a significant enhancement for both companies, and aligns with our ongoing cashless strategy in Europe and Latin America.”

The synergy between OKTO and Flexia will empower North American casinos and gaming venues to seamlessly transition towards full digitalization of customer interactions. Flexia’s expertise lies in merging casino and online wagering accounts, along with casino loyalty programs, all integrated into a unified digital payment solution – the Flexia Prepaid Mastercard.

Flexia Payments CEO Hails Game-Changing Partnership with OKTO

Craig Libson, the CEO and co-founder of Flexia Payments, emphasized the transformative potential of the partnership, stating that their collaboration with OKTO has granted them access to significant resources and capabilities. He mentioned that it would expedite the deployment of advanced cashless and omnichannel payment services to the growing gaming market.

Libson further added: “With the amalgamation of our strengths and OKTO’s powerful payment technology, we are well-positioned not only in the North American market but also beyond, creating one of the most extensive international footprints in cashless gaming fintech.”

This strategic alignment allows Flexia Payments to realize its mission of driving digital payment innovation in both online and land-based casino gaming, while OKTO establishes itself as a key player in the North American gaming landscape, revolutionizing the way customers experience gaming and paving the way for a cashless future in the industry.

In June, OKTO announced another strategic partnership with Europe’s leading open banking payments network, Truelayer. Through this collaboration, OKTO enhanced its Cashless Solutions by incorporating Truelayer’s instant bank payment capabilities. OKTO’s products, including OKTO.WALLET and OKTO.DIRECT, now offers customers instant bank payments for both withdrawals and deposits, enhancing the overall user experience.

This collaboration aimed to accelerate OKTO’s expansion efforts in Europe and enhance its presence in the entertainment and retail gaming verticals. Additionally, Macao Win, an Italian online casino operator, partnered with Okto to offer players a seamless and efficient top-up experience through Okto’s e-Voucher cash payment solution.

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Greece-based payment provider OKTO has entered into a partnership with the Italian Digital Hub Foundation (IDH) to solidify its presence in the Italian regulated market and cooperate on digital transformation strategies, especially concentrating on progressing e-money services.

New partnership

As an official member of the Italian Digital Hub Foundation, OKTO says it will be an active participant in mutual information exchanges like conventions, conferences and round tables, taking care to stay at the front line of the digital transformation of the Italian digital market and expansion of the payment industry landscape.

Commenting on the partnership, OKTO’s Director of Corporate Development and Regulatory Affairs in Italy, Francesco Crudo, commented: “We’re thrilled to join IDH, a prestigious foundation dedicated to enhancing Italy’s digital landscape. OKTO remains committed to upholding the most stringent regulatory standards and working closely with local authorities to deliver innovative, secure, and efficient payment solutions to our valued merchant partners.”

Also commenting on the partnership, Maurizio Pimpinella, President of Italy’s Digital Hub Foundation, said: “We warmly welcome OKTO to our Foundation. OKTO’s commitment to compliance and innovation is in line with our commitment to promote digital innovation in Italy, in the Paytech and Fintech landscape. We look forward to an increasingly close collaboration of OKTO with all our members to promote the development of the digital ecosystem and payments in the Italian market.”

More about partners

OKTO provides its partners with the opportunity to enhance client experiences and respond to the aforementioned client demands for digital payments. Additionally, the company introduces the newest digital transformation capabilities for gaming, entertainment and leisure clients and millions of people around the world. This is achieved by enabling responsible transactions in real time, taking care to remove the risk and friction connected with traditional payments, at each touch point. Furthermore, it enhances payment interactions for retail and online gaming by blending payment and gaming expertise, local knowledge with global capabilities. This involves backing up clients across a number of regulatory environments and domains with built-in omni-channel access.

The main objective of the Italian Digital Hub Foundation is to provide innovative and technological consulting services to back up central and local public administrations, trade associations and SMEs and firms in order to promote Digital Transformation and the development of entrepreneurship with a powerful culture of competitiveness and the codification of new business models. Moreover, its purpose is to represent its members in Italy and abroad before public bodies and agencies, administrations, economic and social organizations, business associations and public and private entities in order to cooperate in solving problems, making sure the protection of its members and carrying out sector analyzes and studies.

Source: “OKTO Strengthens its Presence in Italy by Joining IDH”, European Gaming, September 29, 2023

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OKTO, the digital payments solutions provider delivering services for the gaming and entertainment industry, announced a new collaboration with Europe’s leading open banking payments network, Truelayer. Details regarding the new collaboration emerged Thursday and see OKTO benefit from Truelayer’s leading instant bank payment capabilities.

Thanks to the new collaboration, OKTO will supercharge its leading Cashless Solutions by bringing instant bank payment capabilities from Truelayer. Lauded as a strategic partnership, the collaboration will significantly improve the company’s products and enable it to continue to grow its presence by digitalizing the land-based gambling vertical.

Under the terms of the new collaboration, OKTO’s solutions, including OKTO.WALLET, the company’s omnichannel wallet solution and OKTO.DIRECT, the first retail payments gateway, will be powered by Truelayer’s instant payment capabilities. By integrating into the company’s payments network, OKTO’s solutions now can offer customers instant bank payments for withdrawals, as well as depositing.

Joining forces with Truelayer and enhancing its products, OKTO delivers seamless experiences for its growing customer base. At the same time, Truelayer’s capabilities are supported by its anti-fraud systems, which further boosts the security and reliability of the processes.

“We are excited to team up with OKTO and empower their users to leverage instant bank payments, both online and in retail stores.“

Roberto Villani, VP of iGaming at Truelayer

Roberto Villani, Truelayer’s VP of iGaming, shared his excitement by saying that the company is delighted to join forces with OKTO and deliver its leading instant bank payments capabilities. He acknowledged that the solution will power retail, as well as online operations, delivering efficiencies for OKTO merchants and their players in Europe. Villani also spoke about Truelayer’s fast and secure payments. Finally, he pointed out: “We look forward to working with OKTO to continue to drive innovation.”

The Company Is Excited to Team Up with Truelayer

Earlier this year, OKTO expanded further its footprint in Europe by securing approval for its wallet solution in Germany. At the time, the company’s head of Germany, Mikhail Ovsepyan, revealed that the approval marks a milestone achievement for OKTO.

Maria Magoula, OKTO’s payments director, spoke about the deal with Truelayer and explained that the company is delighted to join forces with the leading open banking payments network. She explained that the instant bank payment capabilities from Truelayer complement OKTO’s goal to deliver seamless, fast and secure payment options.

“We are thrilled to partner with Truelayer and integrate their exceptional instant bank payments into our Cashless Solutions.“

Maria Magoula, payments director of OKTO

Additionally, Magoula pointed out that Truelayer’s solutions will enable OKTO to meet the continuously growing demand from its partners by offering a scalable solution. In turn, she predicted that this will help accelerate OKTO’s expansion on the Old Continent. Finally, Magoula said that the collaboration will boost the company’s efforts to digitalize the entertainment and retail gaming verticals.

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