OKTO debuts its cashless payment solution in Madrid; first time e-payments have been approved for use in gaming machines

Global omnichannel payments provider OKTO introduced its cashless payment solution in Madrid after its digital payment system was homologated to launch in the Spanish city, marking the first time electronic payments have been approved for use directly in gaming machines.

OKTO wallet will be available through the partnership with gaming technology provider Jackpot Systems. The development and cooperation 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.

Ignacio Garcia del Frade, Commercial Director & Country Manager Spain at OKTO, 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," he added.

The company described the homologation of OKTO’s cashless solution in the community of Madrid as a "significant achievement that paves the way for more communities to approve it, enabling cashless payments. This 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."