OKTO lands ‘significant milestone’ in German expansion 

credit: Shutterstock
credit: Shutterstock

OKTO has confirmed the expansion of its digital wallet solution into the German sports betting market, as the firm strengthens its European growth strategy. 

The group revealed it was granted approval by Germany’s gaming regulator, the Gemeinsame Glücksspielbehörde der Länder (GGL), allowing sports betting operators to use the e-wallet payment service in the region. 

It comes as the firm underlined its commitment to elevating the frictionless payment journey in Germany and across Europe. 

Mikhail Ovsepyan, Head of Germany at OKTO, commented on the expansion: “This approval by the GGL, Germany’s gaming authority, marks a significant milestone for OKTO. The whitelisting means that any online operator can use the OKTO’s wallet solution in Germany, and with its cutting-edge technology and commitment to responsible gaming, OKTO is poised to become a major player in the German iGaming industry.”

OKTO also underlined a focus on driving responsible gaming through responsible payments, offering a complete responsible gaming toolkit, including cool-off period, limits, P&L control features and a fully monitored transaction history.

It continues the significant growth in Europe for OKTO, with it also recently revealing a partnership with casino management system Certus Technologies.

The deal will see OKTO’s digital payments deployed to gaming machines across the Certus partnership network in France and the Netherlands. 

Jean Louis Fiorucci, Co-Founder & CTO of Certus Technologies, stated on that deal: “We are excited to be launching this partnership with OKTO. Integrating OKTO’s advanced digital payments technology with our cutting-edge casino management system, to deliver frictionless payments experiences that players expect, resulting in higher containment rates, an increase in different customer segments and better monitoring in players’ safety.” That followed OKTO’s venture to expand across Europe, with the company recently making the headlines in Romania as it partnered with local sports betting power Superbet Group.