Digital payment specialist OKTO has confirmed this week that it has completed the homologation of its cashless solution in Madrid. The development, said the firm, “revolutionizes Madrid’s gaming industry”, and marks the first time that electronic payments have been approved for use directly in gaming machines.

In a statement, OKTO described the homologation of its cashless solution as a “significant achievement” in the Community of Madrid – one that paves the way for more communities to grant such approval and enable cashless payments. 

“It is an important step forward in the digitalization of the gaming industry, which is increasingly adopting new technologies to provide better customer experiences and streamline operations,” it said. 

OKTO’s cashless solution will be available through its partnership with fast-growing technology provider Jackpot Systems. This development and cooperation, it added, will open the door for digital payments to be used for gaming machines, “providing a more seamless, secure, and convenient way for users to pay and play”.

Heralding the completion of the homologation process, Nacho Frade, OKTO’s Commercial Director and Country Manager Spain, said: “We are pleased to bring our cashless payment solution to the gaming industry in Madrid. 

“This is a significant milestone for us, and we believe it is a clear indication that electronic payments in the retail gaming industry are here to stay. We look forward to working with our operator partners to provide them with the tools they need to offer a digital-savvy, safe and frictionless payment experience for their customers.”