Interwetten, a prominent German iGaming operator, has announced its partnership with payment service provider OKTO, aiming to simplify the process of cash-to-digital payments.
Through this collaboration, Interwetten users can now top up their gaming accounts using physical cash at more than 14,000 retail locations across Germany. This initiative is powered by OKTO.CASH, a solution that promises a new level of convenience and flexibility in the gaming industry.
The introduction of OKTO.CASH enables Interwetten customers to use cash for online gaming transactions at familiar locations such as Avia, Esso, OMV, Shell, and more. This network of retail outlets stretches across the country, making it easier than ever for users to manage their iGaming funds. By integrating OKTO’s service, Interwetten is reinforcing its commitment to delivering user-friendly payment methods that cater to a broad spectrum of player preferences.
Rene Hartl, Head of Payment Operations at Interwetten, emphasized the importance of this collaboration, stating, “Our collaboration with OKTO highlights our commitment to providing innovative, user-friendly payment solutions. With OKTO.CASH, our players can easily deposit cash into their Interwetten accounts from familiar locations, giving them unprecedented convenience and flexibility.”
OKTO.CASH's launch in Germany marks the beginning of a broader expansion strategy for OKTO. Following the successful integration in Germany, the company is set to expand its service across various European markets. This rollout comes at a time when digital payments are gaining traction, but cash remains a preferred option for many users in the region, especially in gaming sectors.
Mikhail Ovsepyan, Head of Germany at OKTO, shared his excitement about the partnership, commenting, “We’re glad to partner with Interwetten for the launch of OKTO.CASH in Germany. 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. Our goal is to transform the gaming payment experience with unmatched convenience and security.”
This partnership aligns with ongoing trends in Germany’s iGaming market, where many players still favor cash-based transactions. By offering a secure and simple way to convert physical cash into digital funds, Interwetten and OKTO are meeting the needs of this demographic while pushing the industry towards a more flexible and accessible future.
In addition to this, OKTO has already made similar moves in other European markets, including a recent partnership with Sazka in Czechia, where the OKTO.CASH service was introduced at over 6,700 retail locations. OKTO has also partnered with Bet-at-home, further solidifying its presence in the German iGaming landscape.
While the introduction of OKTO.CASH opens up more payment options for iGaming players, Interwetten has also taken steps to refine its betting offerings. Recently, the operator announced the removal of all amateur football events from its platform, a move that highlights its evolving focus on regulated and high-profile sports events.
Though this decision limits the range of sports bets available to Interwetten’s German customers, the integration of OKTO.CASH compensates by enhancing the user experience in terms of payment flexibility. Sports enthusiasts may not be able to place wagers on local amateur football matches, but they can now enjoy seamless, cash-based deposits into their gaming accounts.
As Interwetten continues to refine its services and OKTO pushes forward with its European expansion, both companies are setting the stage for significant developments in the iGaming and payment processing industries. Players in Germany and beyond can expect more innovative solutions in the near future as cash-to-digital payment services expand and evolve across the continent.
With its extensive retail network and user-friendly approach, OKTO.CASH is poised to make a significant impact, not only in Germany but across Europe. The success of this partnership will likely serve as a blueprint for similar collaborations in other markets, furthering OKTO’s goal of transforming the digital payment landscape.
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''Fresh off the press! Interwetten Group has rolled out OKTO.CASH, offering instant cash-to-digital payments to its users in Germany! 🇩🇪'', linkedin.com, October 21, 2024.