iGaming news Okto launches Okto Cash

The expansion offers users convenient access to complete their cash-based transactions across renowned brands in various verticals, including kiosks, petrol and gas stations, supermarkets, and lottery outlets, among others. The company highlighted that one of the key differentiators of OKTO.CASH is its payment journey, complemented by an embedded eVoucher payment method, which improves the customer payment experience. This innovation reduces abandonment rates for consumers, as cash payments significantly reduce friction, leading to higher conversion rates. One of the key differentiators of OKTO.CASH is its seamless payment journey, complemented by an embedded eVoucher payment method, which elevates the customer payment experience to best-in-class standards. We use digital solutions as a force for good in the real world, merging the realms of physical and digital together into a seamless user experience.

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The approval by GGL underscores the importance of innovation and customer-centric solutions in the rapidly expanding iGaming market. 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. OKTO.CASH, the cash-to-digital payment method of payment solutions provider OKTO, has been granted approval by the GGL and has been officially recognized as an approved payment method for iGaming in Germany.

• As the iGaming industry in Germany continues to evolve, OKTO.CASH stands at the forefront of payment technology, offering operators a competitive edge and providing customers with a convenient and efficient payment solution.
• This is now applied to the vital payment process within the world of online and in traditional retail environments.
• OKTO.CASH, the cash-to-digital payment method of payment solutions provider OKTO, has been granted approval by the GGL and has been officially recognized as an approved payment method for iGaming in Germany.
• 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.
• Following the successful launch in Germany, OKTO has plans to expand its cash-to-digital solution into other European markets.
• OKTO.CASH is installed in the online site and mobile application of our merchant partners, being the ideal solution if you enjoy all the benefits of online but still prefer to transact offline with cash.
• OKTO has built a rapidly expanding network of POS locations in Germany, which will encompass over 40,000 points of sale, including supermarket chains, kiosks, gas stations, and potentially German post offices.

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OKTO has developed since 2019 and has grown into one of the world’s most relevant digital payment businesses of today. The company is ready to take the next step towards global growth across multiple regions and emerging markets. OKTO’s outstanding team of 150+ experts and engineers have the passion, purpose and insight needed to revolutionise and ensure a totally frictionless and intuitive ‘phygital’ payment experience for customers across the world.

• 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.
• GGL’s approval of OKTO.CASH comes after a rigorous evaluation process, during which three different operators submitted applications to utilize this innovative payment method.
• The introduction of OKTO.CASH marks a pivotal moment for Interwetten, as it seeks to cater to the evolving preferences of its user base.
• OKTO has built a rapidly expanding network of POS locations in Germany, which will encompass over 40,000 points of sale, including supermarket chains, kiosks, gas stations, and potentially German post offices.
• Now, OKTO.CASH, a cash-to-digital payment method developed by OKTO, will allow Betsson users in Greece to effortlessly top-up their accounts with cash in real-time, leveraging a vast network of over 13,000 points of sale across the country.
• 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.
• Operators who choose OKTO.CASH can anticipate not only differentiation from its competitors but also the opportunity to attract a unique customer segment that values the convenience and reliability of cash-based payments.

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Operators now have the option to utilize the OKTO.CASH branded solution or opt for a white-label version, providing flexibility in catering to their specific customer base and brand identity. 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. We believe that global change starts on a local level, and take great pride in the work of our dedicated local teams who ensure the needs of each region we work in are met. Our simplified, unified, and optimized solutions are designed intuitively and help you to run efficiently – no matter the volume of daily transactions you’re processing. InterGame is the only monthly magazine covering the international coin-op amusements and gaming industry.

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We enable our partners to improve customer experiences and address consumers’ demands for digital payments. You are now able to deposit into your online merchant accounts instantly in a fast, easy and secure way, by paying in cash at the nearest store of a partnering POS network. OKTO has built an expansive network of POS locations in Germany, which will encompass over 40,000 points of sale, including supermarket chains, kiosks, gas stations, and potentially German post offices. According to the company, this strategic proximity ensures that customers can conveniently access OKTO.CASH, thereby opening up new opportunities for customer acquisition and revenue generation.

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BERLIN, Germany (November 16, 2023) — OKTO.CASH, the innovative cash-to-digital payment method of OKTO has been granted approval by the GGL and has been officially recognized as an approved payment method for iGaming in Germany. This significant milestone allows igaming merchants in the German market to leverage the unique advantages of OKTO.CASH, setting them apart from competitors and offering an unparalleled payment experience to their customers. OKTO is expanding its real-time cash-to-digital payment service into Spain, Germany, Greece, and Croatia, marking a significant milestone in its mission to revolutionize payment experiences for both merchants and users. As a result of this expansion, e-merchants now have the capability to offer instant eVoucher payments in 12 countries at hundreds of thousands of locations with a single integration with OKTO.

How can I withdraw money from online merchant if I have deposited with OKTO.CASH?

Leveraging Okto’s extensive and continuously growing network of over 14,000 retail locations across Germany, users can swiftly convert physical cash into digital funds. This seamless solution provides a fast, secure and convenient top-up option, perfectly tailored to meet the preferences of the German market. Following the successful launch in Germany, OKTO has plans to expand its cash-to-digital solution into other European markets.

• Our simplified, unified, and optimized solutions are designed intuitively and help you to run efficiently – no matter the volume of daily transactions you’re processing.
• GGL’s approval of OKTO.CASH comes after a thorough evaluation process, during which three different operators submitted applications to utilize this payment method.
• OKTO.CASH provides you with the fastest and most direct method to deposit funds online, without exiting the merchant app or site.
• Our solutions are uniquely designed to cover all demands of all the different audiences with a market-proven technology.
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• One of the key differentiators of OKTO.CASH is its seamless payment journey, complemented by an embedded eVoucher payment method, which elevates the customer payment experience to best-in-class standards.
• This seamless solution provides a fast, secure and convenient top-up option, perfectly tailored to meet the preferences of the German market.
• We use digital solutions as a force for good in the real world, merging the realms of physical and digital together into a seamless user experience.

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With an extensive background in payments and paytech, the OKTO team has first-hand experience with the time, cost and organisational benefits brought about by digitalisation. This is now applied to the vital payment process within the world of online and in traditional retail environments. Depending on the specific legislations of your country, or territory – we tailor the solution to provide a fully compliant service without reducing the quality, offering the most seamless solution on the market. Crucially, these services are underpinned by the exchange of funds between the users and the merchants. This exchange represents an interaction of trust and is essential to preserving the long-term viability of the sector, as well as happy, lasting customer relationships.

Want to boost your users’ payment journey?

GGL’s approval of OKTO.CASH comes after a thorough evaluation process, during which three different operators submitted applications to utilize this payment method. “OKTO.CASH has emerged as the preferred choice for operators seeking to enhance their payment offerings,” says OKTO. 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. The expanding business now employs over 150 payment experts, gaming insiders and software engineers, serving some of the most exciting international markets including Brazil, Romania, Italy, Greece, Germany, the UK, and Spain. Our solutions are uniquely designed to cover all demands of all the different audiences with a market-proven technology. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

Digital Payments for the Real World

OKTO has launched its cash-to-digital payment solution, OKTO.CASH, with German iGaming operator Interwetten. According to the company, this strategic collaboration represents “a key milestone” for OKTO, expanding its presence in Germany and solidifying its role as a provider of cash-to-digital solutions for iGaming in Europe and beyond. This development underscores OKTO’s commitment to delivering a superior payment experience at every transaction and empowers global and local online merchants to enhance their service offerings and enter new markets effortlessly. Important digital okto cash payment method OKTO has unveiled and seamlessly incorporated OKTO.CASH, its innovative eVoucher cash payment solution, with Betsson Group, a leading multinational iGaming company. OKTO has built a rapidly expanding network of POS locations in Germany, which will encompass over 40,000 points of sale, including supermarket chains, kiosks, gas stations, and potentially German post offices. 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.

• This seamless solution provides a fast, secure and convenient top-up option, perfectly tailored to meet the preferences of the German market.
• Our solutions are uniquely designed to cover all demands of all the different audiences with a market-proven technology.
• We at OKTO understand that payments play an important role in the daily lives of millions of people around the world.
• 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.
• With the addition of these three European countries to its network, OKTO continues to solidify its position as a pioneer in the field of cash-to-digital solutions for e-commerce globally.
• OKTO.CASH has emerged as the preferred choice for operators seeking to enhance their payment offerings.
• We are improving payment interactions in online and retail businesses by combining local knowledge & payment expertise with international capabilities.

OKTO’s cash-to-digital OKTO.CASH payment method approved for iGaming in Germany

Now, OKTO.CASH, a cash-to-digital payment method developed by OKTO, will allow Betsson users in Greece to effortlessly top-up their accounts with cash in real-time, leveraging a vast network of over 13,000 points of sale across the country. The streamlined process is designed to be hassle-free, catering to the preferences of the local market and offering a convenient solution for online users who prefer offline transactions. 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. “This seamless solution provides a fast, secure, and convenient top-up option, perfectly tailored to meet the preferences of the German market.”

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• We offer a fully immersed mobile on-premise experience that allows users to top up their online merchant account directly from any physical point-of-sale in real-time, while never leaving the merchant’s mobile app or site.
• We believe that global change starts on a local level, and take great pride in the work of our dedicated local teams who ensure the needs of each region we work in are met.
• The expanding business now employs over 150 payment experts, gaming insiders and software engineers, serving some of the most exciting international markets including Brazil, Romania, Italy, Greece, Germany, the UK, and Spain.
• The expansion offers users convenient access to complete their cash-based transactions across renowned brands in various verticals, including kiosks, petrol and gas stations, supermarkets, and lottery outlets, among others.
• This includes supporting customers across various regulatory landscapes and domains with an embedded omnichannel approach.
• OKTO has launched its cash-to-digital payment solution, OKTO.CASH, with German iGaming operator Interwetten.

GGL’s approval of OKTO.CASH comes after a rigorous evaluation process, during which three different operators submitted applications to utilize this innovative payment method. OKTO.CASH has emerged as the preferred choice for operators seeking to enhance their payment offerings. We are improving payment interactions in online and retail businesses by combining local knowledge & payment expertise with international capabilities. This includes supporting customers across various regulatory landscapes and domains with an embedded omnichannel approach. With OKTO.CASH, Interwetten customers can now easily and securely fund their iGaming accounts using cash, explains OKTO.

Partner Stores

Users can select OKTO.CASH as their payment method, choose the deposit amount and select the nearest location from over 14,000 points to top up their accounts in real-time. We offer a fully immersed mobile on-premise experience that allows users to top up their online merchant account directly from any physical point-of-sale in real-time, while never leaving the merchant’s mobile app or site. OKTO.CASH is now accessible through an extensive network of over 40,000 points of sale in Spain, Germany, and Croatia, with plans to extend to more than 90,000 points in these regions throughout the year.

• Bally’s has entered into an agreement to sell its interactive business in Asia and certain other markets to that business’ management team.
• Embedded into the merchant’s app or website, OKTO.CASH provides users with a direct method to upload cash online, eliminating the need for third-party apps.
• This innovation reduces abandonment rates for consumers, as cash payments significantly reduce friction, leading to higher conversion rates.
• According to the company, this strategic collaboration represents “a key milestone” for OKTO, expanding its presence in Germany and solidifying its role as a provider of cash-to-digital solutions for iGaming in Europe and beyond.
• BERLIN, Germany (November 16, 2023) — OKTO.CASH, the innovative cash-to-digital payment method of OKTO has been granted approval by the GGL and has been officially recognized as an approved payment method for iGaming in Germany.

OKTO.CASH is installed in the online site and mobile application of our merchant partners, being the ideal solution if you enjoy all the benefits of online but still prefer to transact offline with cash. OKTO.CASH provides you with the fastest and most direct method to deposit funds online, without exiting the merchant app or site. We are driven by payments, driven by digital but above anything else driven by a passion to empower our customers wherever they are in the world. Operators who choose OKTO.CASH can anticipate not only differentiation from its competitors but also the opportunity to attract a unique customer segment that values the convenience and reliability of cash-based payments.

Customer Support

Bally’s has entered into an agreement to sell its interactive business in Asia and certain other markets to that business’ management team. We at OKTO understand that payments play an important role in the daily lives of millions of people around the world.

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. With the addition of these three European countries to its network, OKTO continues to solidify its position as a pioneer in the field of cash-to-digital solutions for e-commerce globally. The company remains dedicated to enhancing the payment experience for all parties involved and looks forward to further expanding its reach in the future. Since 2019, OKTO has been improving payment interactions for online and retail gaming and introducing frictionless digital payments with its local knowledge, sector expertise and international capabilities. This includes supporting customers across various regulatory landscapes with an embedded omnichannel approach. Embedded into the merchant’s app or website, OKTO.CASH provides users with a direct method to upload cash online, eliminating the need for third-party apps.

“As the iGaming industry in Germany continues to evolve, OKTO.CASH stands at the forefront of payment technology, offering operators a competitive edge and providing customers with a convenient and efficient payment solution,” said OKTO. “The approval by GGL underscores the importance of innovation and customer-centric solutions in the rapidly expanding iGaming market.” Our unified payment platform combines secure, real-world transactions with the most powerful payment technology to create immersive payment experiences for both merchants and their users. As the iGaming industry in Germany continues to evolve, OKTO.CASH stands at the forefront of payment technology, offering operators a competitive edge and providing customers with a convenient and efficient payment solution.