In a strategic move to enhance the digital payment landscape in Germany's burgeoning iGaming sector, OKTO has launched its innovative cash-to-digital payment solution, OKTO.CASH, in collaboration with the renowned iGaming operator, bet-at-home. This partnership not only shows OKTO's plans to revolutionize the way users interact with digital payments but also marks a significant milestone in its expansion within the German market.
Breaking New Ground in Digital Payments
The introduction of OKTO.CASH with bet-at-home is a noteworthy development in the iGaming industry, offering users a seamless and efficient method to convert physical cash into digital currency. This collaboration comes at a time when the demand for flexible and secure payment options is at an all-time high, driven by the rapid growth of the iGaming sector in Germany.
One of the standout features of OKTO.CASH has an extensive network of over 14,000 points of sale across Germany. This network includes prominent brands such as Aral, Deutsche Post, Esso, Kiosk, Lotto, Shell, and many others. By leveraging this vast network, OKTO.CASH ensures that users can easily find convenient locations to top up their digital accounts with cash. This accessibility is a key factor in meeting the diverse needs of iGaming enthusiasts who prefer to use cash for their transactions.
The user experience offered by OKTO.CASH is designed to be straightforward and secure. Embedded directly into the merchant’s app or website, the solution allows users to select OKTO.CASH as their payment method, choose the desired deposit amount and find the nearest location to complete their top-up. This streamlined process eliminates the need for third-party applications, making it easier for users to manage their digital funds.
In the fast-paced world of iGaming, the ability to convert cash to digital currency in real-time is crucial. OKTO.CASH excels in this regard, providing users with instant access to their digital funds. This real-time capability ensures that players can engage with their favorite iGaming services without delay, enhancing the overall user experience and providing a competitive edge in the market.
Regulatory Approval and Market Expansion
The launch of OKTO.CASH follows the approval of both OKTO.WALLET and OKTO.CASH by the German Gaming License Authority (GGL) last year. This regulatory endorsement is a testament to OKTO’s commitment to compliance and security, reinforcing its position as a trusted provider of digital payment solutions. The approval has paved the way for OKTO to expand its footprint in the German market, offering advanced payment solutions that cater to the evolving needs of iGaming enthusiasts.
The partnership between OKTO and bet-at-home is poised to have significant implications for the iGaming industry in Germany. By providing a reliable and efficient cash-to-digital payment solution, OKTO.CASH addresses a critical need for users who prefer cash transactions. This solution not only enhances user convenience but also opens up new opportunities for iGaming operators to attract and retain customers.
The successful launch of OKTO.CASH with bet-at-home sets a precedent for future innovation and expansion in the cash-to-digital payment space. OKTO’s focus on leveraging technology to improve user experiences positions it well for continued growth in the iGaming industry and beyond. The company’s ability to secure regulatory approvals and forge strategic partnerships underscores its leadership in the digital payments sector.
Richard Greslehner, Head of Product at bet-at-home.com Internet Ltd commented: “This partnership underscores our dedication to delivering cutting-edge and convenient payment solutions for our customers. With OKTO.CASH, users can now seamlessly deposit their physical cash into their online bet-at-home accounts at their favourite everyday stores.”
“We are thrilled to partner with bet-at-Home for the launch of OKTO.CASH in Germany,” said Mikhail Ovsepyan, Head of Germany at OKTO. “This collaboration underlines our dedication to expanding our presence in the German market and delivering cutting-edge payment solutions that meet the needs of iGaming enthusiasts. We look forward to revolutionizing the gaming payment experience and providing unparalleled convenience and security to users.”
Source:
''OKTO.CASH expands in Germany with bet-at-home go-live'', oktopayments.com, July 16, 2024.
