Okto has partnered with Regal, a subsidiary of the Merkur Group UK and supplier of amusement equipment to the leisure sector, for the provision of cashless payments onto its gaming machines.
This is to be undertaken by the Okto.Wallet, a fully-licensed payment service, which aims to reduce payment friction, enhance the customer experience, and focus on responsible gambling and player protection.
Users of the mobile app are able to deposit and withdraw funds safely, securely and seamlessly directly onto any collaborating gaming machines in the UK leisure sector.
Matt Bicknell, managing director operations and product at Regal, commented: “Through our collaboration with Okto, we found both a digital, instant and cashless solution to meet our customers demand and the flexible, market-proven technology that enabled us to easily adopt it in our gaming machines.
“The launch is the result of extensive research and co-development between our companies, and we are working actively on rolling it out to our client base in the UK.”
Okto, which has integrated into Regal’s gaming machines, says that its solution is available at selected pubs, with further locations being added in the coming weeks and months
Simon Dorsen, director of gaming at Okto, explained: “Britain is moving beyond ‘peak cash’ this year, as the country has well and truly embraced a cashless society due to its convenience and ease.
“The pub and gaming sectors are able to address the users’ need with a flexible and cashless solution, thanks to our collaboration with Regal.
“We designed a turn-key solution for the market that enables consumers to use a complete, digital, cashless solution, not only directly on gaming machines but also across the entire payment ecosystem.
“Providing them with a single payment app, users have the freedom to use their Okto.Wallet anywhere, whether it’s pubs, AGC, casinos or high street shops.”
The Okto app, available from the App Store and Google Play, enables users to move their funds instantly across the entire payment ecosystem; from the gaming machine, pub’s ordering app, and bartop cashier, all the way out to any retail or online business accepting Okto Prepaid Mastercard, linked to the wallet account.