OKTO.CASH Receives GGL Approval for iGaming in Germany
OKTO.CASH, the cash-to-digital payment method of OKTO, has been approved by the GGL and is now officially recognized as a payment method for iGaming in Germany. This approval allows igaming merchants in the German market to take advantage of OKTO.CASH’s unique benefits, setting themselves apart from competitors and providing an unparalleled payment experience to their customers.
GGL approved OKTO.CASH after a thorough evaluation process, which involved three different operators submitting applications to use this innovative payment method. OKTO.CASH emerged as the preferred choice for operators looking to enhance their payment offerings.
Operators now have the option to use the branded OKTO.CASH solution or a white-label version, giving them flexibility to cater to their specific customer base and maintain their brand identity.
Mikhail Ovsepyan, Head of Germany at OKTO, expressed his excitement about this achievement, stating, “We are thrilled to have received GGL’s approval. OKTO.CASH is a revolutionary payment method for the German market, allowing direct real-time cash top-ups for iGaming accounts at a wide network of points of sale (POS). This is a game-changer for the industry, as there are currently no comparable solutions available.”
OKTO has established a rapidly expanding network of over 40,000 POS locations in Germany, including supermarket chains, kiosks, gas stations, and potentially German post offices. This strategic focus on proximity ensures that customers can easily access OKTO.CASH, opening up new opportunities for customer acquisition and revenue generation that were previously inaccessible through traditional payment methods.
One of the key advantages of OKTO.CASH is its seamless payment journey, which includes an embedded eVoucher payment method. This innovative approach enhances the customer payment experience, leading to best-in-class standards. By reducing friction with cash payments, OKTO.CASH significantly decreases abandonment rates and increases conversion rates for consumers.
As the iGaming industry in Germany continues to evolve, OKTO.CASH remains at the forefront of payment technology, offering operators a competitive edge and providing customers with a convenient and efficient payment solution. GGL’s approval emphasizes the significance of innovation and customer-centric solutions in the rapidly expanding igaming market.
Operators who choose OKTO.CASH can differentiate themselves from competitors and attract a unique customer segment that values the convenience and reliability of cash-based payments.
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