Following its recent partnership with Regal Gaming, OKTO is set to expand its cashless solution in UK pubs through a deal with Inspired that will see the fintech provider’s mobile payment app functional on the manufacturers Cat C gaming products.
OKTO has teamed up with Inspired Entertainment to expand the network of gaming machines in the UK leisure sector that accept the OKTO app for mobile cashless payments. The deal marks the start of a strategic partnership between OKTO and Inspired across different channels, with OKTO’s cashless solution to be launched with Inspired’s key pub retail partners in September on the manufacturer’s latest range of Category C gaming products.
Peter Davies, managing director of the leisure business at Inspired, commented: “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.”
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 in pubs across the UK. 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.
Meeting all the niche demands of the leisure and gaming sectors and their users, the OKTO.WALLET platform allows pubgoers to move funds instantly across the entire payment ecosystem via the open and interconnected OKTO mobile app that can be used in all touchpoints of the venue and beyond through the OKTO Prepaid Mastercard® linked to the users’ OKTO wallet account.