Truelayer’s Instant Bank Payments Now Available via OKTO’s Cashless Solutions

June 9, 2023 | Vendor News

Athens, Greece (June 8, 2023) — OKTO and Truelayer have joined forces to bring Truelayer’s leading instant bank payment capabilities to OKTO’s revolutionary Cashless Solutions. This strategic partnership marks a significant step in OKTO’s mission to drive digitalization in the land-based gaming industry and deliver unparalleled payment experiences in the retail sector.

Through the integration of Truelayer’s payments network, users of OKTO’s Cashless Solutions, including OKTO.WALLET (the true omnichannel wallet solution) and OKTO.DIRECT (the first retail payments gateway), can now have access to instant bank payments for top-ups and withdrawals. This addition enhances the value proposition for OKTO users, offering them a seamless customer journey and secure payments backed by Truelayer’s extra anti-fraud layers on the fastest payment rails in Europe and the UK.

Maria Magoula, Payments Director of OKTO, commented, “We are thrilled to partner with Truelayer and integrate their exceptional instant bank payments into our Cashless Solutions. By incorporating Truelayer’s instant bank payments, we further solidify our commitment to delivering fast, secure, and seamless payment options, ultimately enhancing the overall gaming experience.

Additionally, Truelayer’s extensive scale empowers OKTO to meet the evolving needs of both merchants and their players, while also accelerating our expansion with major merchants across the UK and Europe, including Spain and Germany. This collaboration reinforces OKTO’s position as a leading payment provider in the digitalization of the retail gaming and entertainment sectors.”

Roberto Villani, VP of iGaming at Truelayer, added, “We are excited to team up with OKTO and empower their users to leverage instant bank payments, both online and in

retail stores. Our open-banking powered solution will be available for OKTO merchants and payers across Europe, and they will benefit from smarter, safer and faster online payments. This partnership aligns with our mission to change the world pays. We look forward to working with OKTO to continue to drive innovation.”

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.

Find out more about OKTO:

About Truelayer

TrueLayer is Europe’s leading open banking payments network. We power smarter, safer and faster online payments by combining real-time bank payments with financial and identity data. Businesses big and small use our products to onboard new users, accept money and make payouts in seconds, and at scale. We’re live across 21 countries and over 10 million users trust us to process their transactions.

Though we’re not stopping here. We’re on a mission to change the way the world pays. And we won’t stop until we’ve unlocked the full potential of payments.


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