Payment solutions provider Okto has announced a new partnership for its payment service, Okto.Cash, with German-based iGaming operator Bet-at-home. This collaboration marks a significant step in expanding Okto’s market presence in Germany and enhancing the payment experience for Bet-at-home customers.
Okto Partners with Bet-at-Home to Revolutionize iGaming Payments in Germany
Strengthening Market Presence in Germany
In a strategic move to solidify its footprint in the German market, Okto has partnered with Bet-at-home, a well-established iGaming operator in the region. This partnership will enable Bet-at-home to leverage Okto’s extensive network of 14,000 points of sale across Germany. These points of sale include renowned brands such as Shell, Esso, and Deutsche Post, providing Bet-at-home customers with convenient and accessible options to deposit cash into their online accounts.
Commenting on the Collaboration
Richard Greslehner, Head of Product at Bet-at-home.com, expressed his enthusiasm for the partnership, stating, “This partnership underscores our dedication to delivering cutting-edge and convenient payment solutions for our customers. With Okto.Cash, users can now seamlessly deposit their physical cash into their online Bet-at-home accounts at their favourite everyday stores.”
Okto’s Expansion Journey
Okto has been on an impressive expansion trajectory. The company received approval from the German Gambling Authority (GGL) to enter the German market in April 2023. This approval was a crucial milestone, allowing Okto to introduce its innovative payment solutions to German customers. Following this, Okto acquired Flexia Payments in October of the previous year, further enhancing its capabilities and market reach.
Entering the Indian Market
In addition to its German market entry, Okto has also expanded into the Indian market. In June, the company launched Okto.Cash in India, bringing its seamless payment solutions to a new audience. This move demonstrates Okto’s commitment to global expansion and its ability to adapt to different market needs.
The Vision Behind Okto.Cash
Okto.Cash is designed to provide users with a secure, convenient, and efficient way to manage their payments. By partnering with Bet-at-home, Okto aims to revolutionize the iGaming payment experience in Germany. Users can now deposit cash into their online accounts at various everyday locations, enhancing the overall user experience.
Mikhail Ovsepyan on the Partnership
Mikhail Ovsepyan, Head of Germany at Okto, shared his excitement about the partnership, stating, “We are thrilled to partner with Bet-at-home for the launch of Okto.Cash in Germany. This collaboration underlines our dedication to expanding our presence in the German market and delivering cutting-edge payment solutions that meet the needs of iGaming enthusiasts. We look forward to revolutionizing the gaming payment experience and providing unparalleled convenience and security to users.”
Enhancing User Experience and Security
One of the primary goals of this partnership is to enhance the user experience for Bet-at-home customers. By integrating Okto.Cash, Bet-at-home ensures that its users have access to a reliable and secure payment method. This collaboration is expected to set new standards in the iGaming industry, providing a seamless and efficient way for users to manage their funds.
Security Measures
Okto.Cash incorporates robust security measures to protect user data and transactions. The platform utilizes advanced encryption technologies to safeguard sensitive information, ensuring that users can deposit and withdraw funds with confidence.
Expanding Payment Options
The partnership with Bet-at-home allows Okto to expand its payment options and reach a broader audience. By offering a convenient way for users to deposit cash at numerous locations, Okto.Cash bridges the gap between traditional payment methods and the digital world. This expansion is a testament to Okto’s commitment to innovation and customer satisfaction.
Bet-at-home’s Commitment to Innovation
Bet-at-home has always been at the forefront of innovation in the iGaming industry. By partnering with Okto, the company reaffirms its dedication to providing its customers with the best possible experience. This collaboration is expected to drive user engagement and boost customer loyalty, setting Bet-at-home apart from its competitors.
Future Prospects and Growth
The partnership between Okto and Bet-at-home is poised to deliver significant growth opportunities for both companies. As Okto continues to expand its market presence and introduce innovative payment solutions, Bet-at-home can leverage these advancements to enhance its offerings and attract new customers.
Looking Ahead
The future looks promising for Okto and Bet-at-home as they embark on this exciting journey together. By combining their strengths and expertise, they are well-positioned to shape the future of iGaming payments in Germany and beyond. The collaboration is expected to drive innovation, improve user experience, and set new benchmarks in the industry.
Conclusion: The Partnership
The partnership between Okto and Bet-at-home represents a significant milestone in the iGaming industry. With Okto.Cash, users can now enjoy a seamless and secure payment experience, enhancing their overall gaming experience. This collaboration is a testament to the commitment of both companies to innovation and customer satisfaction.
FAQs About the Partnership between Okto and Bet-at-home
1. What is the new partnership between Okto and Bet-at-home?
The new partnership between Okto and Bet-at-home involves the integration of Okto.Cash, Okto’s payment service, into Bet-at-home’s platform. This partnership aims to enhance the payment experience for Bet-at-home customers by allowing them to deposit cash into their online accounts at various points of sale across Germany.
2. How will this partnership benefit Bet-at-home customers?
Bet-at-home customers will benefit from the partnership by gaining access to Okto.Cash, which enables them to deposit cash into their online accounts at 14,000 points of sale across Germany. This includes locations such as Shell, Esso, and Deutsche Post, providing convenience and accessibility for users.
3. What are some key points of sale where Okto.Cash can be used?
Okto.Cash can be used at 14,000 points of sale across Germany, including well-known brands such as Shell, Esso, and Deutsche Post. These locations provide Bet-at-home customers with convenient options to deposit cash into their online accounts.
4. When did Okto gain approval to enter the German market?
Okto gained approval from the German Gambling Authority (GGL) to enter the German market in April 2023. This approval was a crucial milestone for Okto, allowing them to introduce their payment solutions to German customers.
5. What other markets has Okto expanded into recently?
In addition to the German market, Okto has expanded into the Indian market. In June, the company launched Okto.Cash in India, bringing its seamless payment solutions to a new audience and demonstrating its commitment to global expansion.
6. What are the primary goals of the partnership between Okto and Bet-at-home?
The primary goals of the partnership are to enhance the user experience for Bet-at-home customers, provide a secure and convenient payment method, and revolutionize the iGaming payment experience in Germany.
7. What security measures does Okto.Cash incorporate?
Okto.Cash incorporates robust security measures, including advanced encryption technologies, to protect user data and transactions. These measures ensure that users can deposit and withdraw funds with confidence.
8. How does this partnership align with Bet-at-home’s commitment to innovation?
By partnering with Okto, Bet-at-home reaffirms its dedication to innovation and customer satisfaction. The integration of Okto.Cash provides Bet-at-home customers with a cutting-edge payment solution, enhancing their overall gaming experience.
9. What are the future prospects for Okto and Bet-at-home?
The future prospects for Okto and Bet-at-home are promising. The partnership is expected to drive significant growth opportunities, enhance user experience, and set new benchmarks in the iGaming industry. Both companies are well-positioned to shape the future of iGaming payments in Germany and beyond.
10. Who are the key figures commenting on the partnership?
Richard Greslehner, Head of Product at Bet-at-home.com, and Mikhail Ovsepyan, Head of Germany at Okto, are key figures commenting on the partnership. They have expressed their enthusiasm and outlined the benefits and goals of the collaboration.
