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

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 digitalisation 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, said: “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, said: “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.”