OKTO becomes a member of the Italian Digital Hub Foundation

Digital payments provider OKTO has received membership in the Italian Digital Hub Foundation (IDH). According to the company, this collaboration underscores the shared commitment of both entities "to digital transformation and specifically to advance e-money services."

With this partnership, OKTO stated that it "reaffirms its unwavering dedication" to regulatory compliance and collaborative engagement with local authorities. By aligning with IDH, OKTO is set to amplify its capacity to provide payment services to merchants while adhering to industry standards and best practices.

Francesco Crudo, OKTO's Director of Corporate Development & Regulatory Affairs in Italy, stated: "We're thrilled to join IDH, a prestigious foundation dedicated to enhancing Italy's digital landscape.

"OKTO remains committed to upholding the most stringent regulatory standards and working closely with local authorities to deliver innovative, secure, and efficient payment solutions to our valued merchant partners."

IDH's President Maurizio Pimpinella added: "We warmly welcome OKTO to our Foundation. OKTO's commitment to compliance and innovation is in line with our commitment to promote digital innovation in Italy, in the Paytech and Fintech landscape.

"We look forward to an increasingly close collaboration of OKTO with all our members to promote the development of the digital ecosystem and payments in the Italian market."

As an IDH member, OKTO stated that it will actively participate in knowledge-sharing activities, including round tables, conventions, and conferences, "ensuring it remains at the forefront of Italy's digital transformation and ever-evolving payment industry landscape."