OKTO’s Digital Payments Homologated in Community of Madrid, Revolutionizing Gaming Industry Payments

MADRID, Spain (April 6, 2023) — OKTO revolutionizes Madrid’s gaming industry payments following the homologation of its cashless solution in the Community, marking the first time that electronic payments have been approved for use directly in gaming machines.

OKTO’s cashless solution will be available through the partnership with Jackpot Systems, a fast-growing technology provider. The development and cooperation open the door for digital payments to be used for gaming machines, providing a more seamless, secure, and convenient way for users to pay and play.

“We are pleased to bring our cashless payment solution to the gaming industry in Madrid,” said Nacho Frade, Commercial Director & Country Manager Spain at OKTO. “This is a significant milestone for us, and we believe it is a clear indication that electronic payments in the retail gaming industry are here to stay. We look forward to working with our operator partners to provide them with the tools they need to offer a digital-savvy, safe and frictionless payment experience for their customers.”

The homologation of OKTO’s cashless solution in the Community of Madrid is a significant achievement that paves the way for more communities to approve it, enabling cashless payments. It is an important step forward in the digitalization of the gaming industry, which is increasingly adopting new technologies to provide better customer experiences and streamline operations.

About OKTO

Digital Payments for the Real World

OKTO powers digital payments for every entertainment, leisure, and gaming environment. 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.

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.

The expanding business now employs over 100 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.

By enabling responsible real-time transactions, we remove the friction and risk associated with traditional payments and deliver digital transformation opportunities for our customers and millions of consumers around the world.

SOURCE: OKTO (www.oktopay.eu)