OKTO expands its real-time cash-to-digital payment services across Europe

OKTO has announced that it is expanding its real-time cash-to-digital payment service into Spain, Germany, Greece, and Croatia. As a result of this expansion, e-merchants now have the capability to offer instant eVoucher payments in 12 countries with OKTO. 

OKTO.CASH is accessible through a network of over 40,000 points of sale in Spain, Germany, and Croatia, with plans to extend to more than 90,000 points in these regions throughout the year. 

Alongside, OKTO expands further in Greece by tripling its network, surpassing 15,000 points. The expansion offers users convenient access to complete their cash-based transactions across brands in various verticals, including kiosks, petrol and gas stations, supermarkets, and lottery outlets, among others.  

OKTO's Chief Distribution Officer, Bjoern Katerbau, underscored the strategic synergy of this expansion with the company's mission and goals. 

He added: "Our mission is to forge seamless connections between countless consumers and numerous online merchants across a multitude of physical locations, offering cutting-edge phygital payment experiences. This expansion is a pivotal stride toward realizing this vision.”

“These contracts signify a major milestone in our strategic roadmap, and we encourage you to keep an eye out for upcoming announcements as OKTO.CASH rolls out in numerous new regions in Europe and beyond." 

With the addition of these three European countries to its network, OKTO said that it continues to “solidify its position as a pioneer” in the field of cash-to-digital solutions for e-commerce globally. 

The company added that it remains dedicated to enhancing the payment experience for all parties involved and looks forward to further expanding its reach in the future.