OKTO Enters into Partnership with Advansys

Fintech company OKTO has partnered with Casino Management System provider Advansys to bring instant mobile payments directly on gaming machines in casinos and gaming halls across Europe with the OKTO.WALLET.

OKTO.WALLET integrated with Advansys NEXIO CMS offers both a convenient and secure as well as a fast payment experience at the gaming machines.

Players in Europe will be able to embrace a true cashless mobile payment experience, using the free OKTO app on their mobiles to interact with machines, connected to Advansys’s powerful NEXIO Casino Management System (CMS). The service allows players to load credits directly from their mobile phones via the OKTO.WALLET to a gaming machine and collect their winnings at the end of the play session, straight into their OKTO app. The players have multiple ways to load and withdraw funds from their OKTO account, such as payment card and bank as well as access their account instantly through the OKTO issued prepaid card connected to their OKTO.WALLET.

Simon Dorsen, Director of Gaming at OKTO, said: “Europe can be considered a digital fast adopter, showcasing a strong potential for growth and rise of mobile payments. The pandemic accelerated the need for innovative and secure digital payment methods across all channels, including land-based gaming, and OKTO meets exactly that demand.

We’re glad to cooperate with Advansys to provide even more gaming operators and players in Europe with a payment method that streamlines and simplifies the payment experience on gaming machines. Access to mobile payments is a driver for retail innovation in Europe, especially when this has blended with an advanced end-to-end cashless mobile wallet that completely rely on accessible mobile technology.”

Andrej Sluga, CMO of Advansys, said: “Many countries in Europe relied heavily on cash, but COVID-19 brings about many opportunities for the mass adoption of mobiles payment solutions. OKTO came just at the right time.

“Mobile payments are widely accepted in other sectors already and keep growing. Mobile Payment Apps are in fact on the rise as they are easy, fast, secure and reduce or eliminate the need to carry payment methods like cash and credit cards.

“Our partnership with OKTO strengthens our position as one of the leading Casino Management Systems in Europe. We can now offer our partners secure mobile payments on gaming machines, bringing a new level of experience to their players. Mobile phones will dominate payments in future as many bank services are already available for years. It is a money digital evolution and mobile payments are gaining momentum in the casino industry.”