OKTO Partners with bet-at-home to Enhance German iGaming Payments
OKTO has launched its innovative cash-to-digital payment solution, OKTO.CASH, in collaboration with German iGaming operator bet-at-home.
Streamlined Cash-to-Digital Conversion
The newly launched OKTO.CASH enables bet-at-home users to seamlessly transition from physical cash to digital currency, facilitating a hassle-free iGaming experience.
By leveraging OKTO’s extensive network of over 14,000 points of sale across Germany, which includes major brands such as Aral, Deutsche Post, Esso, Kiosk, Lotto, and Shell, users can quickly and securely top up their accounts using cash.
Partnering for Customer Convenience
Richard Greslehner, Head of Product at bet-at-home, highlighted the convenience this partnership brings to their customers.
“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 favorite everyday stores,” he stated.
Expanding Market Presence
Mikhail Ovsepyan, Head of Germany at OKTO, expressed enthusiasm about the partnership. “We are thrilled to partner with bet-at-home for the launch of OKTO.CASH in Germany. 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,” he said.
Ovsepyan also emphasized OKTO’s commitment to revolutionizing the gaming payment experience by providing unparalleled convenience and security to users.
Regulatory Approval and Integration
The introduction of OKTO.CASH follows the prior approval of OKTO.WALLET and OKTO.CASH by the German Gaming License Authority (GGL) last year.
Integrated into the merchant’s app or website, OKTO.CASH offers users a direct method to upload cash online without the need for third-party applications.
Users can select OKTO.CASH as their preferred payment method, choose the deposit amount, and find the nearest location among the 14,000 points to top up their accounts in real-time.
Expansion Beyond Germany
In addition to its German expansion, OKTO recently announced a partnership with CyberTeam Solutions, a Romanian company specializing in integrated solutions for the gambling and casino industry. This collaboration aims to enhance digital payment options across CyberTeam’s connected venues, facilitating instant deposits and withdrawals through OKTO’s payment services.
