Italy: OKTO collaborates with Macao Win to introduce its cash-to-digital payment solution OKTO.PVR

Payments solutions company OKTO has announced a collaboration with iGaming operator Macao Win to introduce its cash-to-digital payment solution OKTO.PVR to the Italian market. OKTO claims that the partnership "signifies a milestone in the Italian gaming industry," as Macao Win takes the lead in providing players with a fully compliant cash-to-digital payment option. 

The company stated that both brands share a commitment to payment compliance, "a critical aspect of the gaming industry's success and expansion in an increasingly regulated environment."

"This cutting-edge solution simplifies the complexities of adhering to new Italian regulations, equipping iGaming operators with the tools needed to excel in this dynamic setting," says OKTO. 

The 'phygital' payment solution is available via the integration with online gaming platform provider Exalogic and empowers players to top up their iGaming accounts with cash at retail locations equipped with recharge points. 

The company asserts that OKTO.PVR seamlessly bridges the gap between the digital and physical realms and connects the divide between the excitement of online gaming and the tangible world of cash transactions, ensuring easy access to funds and uninterrupted gaming experiences. 

Part of the OKTO.WALLET lineup, OKTO.PVR is specifically tailored to the Italian Top-up Sales Points (PVR) market. With a deep understanding of market dynamics, OKTO says that it has meticulously crafted a customized wallet solution that not only enhances convenience and security but also guarantees full compliance with existing and upcoming Italian regulatory standards. 

Dante Micucci, Country Manager Italy of OKTO

Dante Micucci, Country Manager Italy of OKTO, stated: "We are glad to collaborate with Macao Win to introduce OKTO.PVR to the Italian gaming market. Our objective is to empower gaming operators with the necessary tools to succeed in an ever-evolving regulatory landscape. OKTO.PVR demonstrates our commitment to innovation and our dedication to providing solutions that drive success for our partners." 

Cristiano Martini, Managing Director of Macao Win, added: "Macao Win takes pride in being the first merchant to offer OKTO.PVR. Our partnership with OKTO reinforces our commitment to delivering cutting-edge solutions to our clients and further solidifies our position as a leader in innovation in the gaming industry."

Earlier in September, OKTO announced its alliance with Exalogic, with the aim to reshape the PVR (Punto Vendita Ricariche) sector in Italy by introducing OKTO's set of compliant payment options to Exalogic customers, including OKTO.PVR and its eVoucher payment solution OKTO.CASH.