After forming a strategic agreement with Inspired Entertainment, Okto plans to grow the network of gaming machines in the UK leisure sector that accept the company’s app for mobile cashless payments.
The fintech company’s Okto.Wallet electronic money payment platform will be offered on Inspired gaming machines in UK pubs starting this month, and will be available throughout Inspired’s latest line of category C gaming goods.
Peter Davies, managing director of the leisure business at Inspired said: “From our initial introduction to Okto we were extremely impressed by the breadth of knowledge and experience of cashless payment solutions demonstrated by the Okto team.
“Their understanding and practical knowledge of the gaming sector in particular have allowed them to develop a mobile payment solution that fits perfectly into our product offer.
‘Player protection and social responsibility’
“In particular the focus on player protection and social responsibility stood out, together with the simplicity of the solution itself. We are delighted to be working in close collaboration with Okto and are looking forward to rolling the solution out in conjunction with our customers and offering machine players a safe, secure and feature rich alternative to cash.”
Patrons will be able to shift funds immediately across the whole payment ecosystem using the Okto.Wallet mobile app, which can be used in all touchpoints of the venue and beyond using the Okto prepaid Mastercard linked to their account.
Consumers may set transaction limits and time-out breaks through the app, which also features a know your customer process and age verification.
Simon Dorsen, Okto’s director of gaming, explains: “Inspired is a major supplier to the UK pub and gaming sector and this collaboration along with other recently announced partners in the sector, strengthens Okto’s position as the go to mobile payments app for consumers and operators in the leisure sector.
“Digital payments for F&B sales are surging in pubs due to the pandemic accelerating changing habits, and now Okto enables pubs to extend and satisfy their customers’ desire for digital payments also at the gaming machines.
“Our easy-to-use solution allows players to go simply to a gaming machine, press a button to use Okto, and deposit funds to start playing. And it is the same in the cashout; they get the winnings back to the Okto wallet in real-time.
“Alongside, we can also onboard pubs as merchants, if Okto users can spend some money on food and drink in the pub, they simply can, and they can also split the bill with their friends or send and receive money from their friends using simply the Okto app.”