OKTO has united with Inspired Entertainment for the expansion of the firm’s mobile cashless payments across the UK’s leisure sector.
The collaboration marks the commencement of a strategic partnership between OKTO and Inspired across various channels, as cashless engagement continues to grow.
Simon Dorsen, Director of Gaming at OKTO, commented: “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.”
Responding to increasing demand for a cashless ecosystem, the fintech provider will offer its fully licensed OKTO.WALLET electronic money payment platform on Inspired gaming machines across UK Pubs, delivering an enhanced payment experience.
The partnership secures broader payment options for consumers and increases customer engagement and footfall, giving a boost after the pandemic to the leisure and gaming sectors.
The OKTO app includes a secure Know Your Customer (KYC) process along with age verification and also provides facilities for consumers to enable transaction limits and time-out breaks.
Peter Davies, Managing Director of the Leisure business at Inspired, added on the deal: “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.
“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.”