The partnership will enable secure and cashless transactions via OKTO.WALLET directly on Electronic Gaming Machines
OKTO, the licensed fintech provider of digital payment and user engagement applications, teams up with Jackpot Systems to introduce a new era of cashless gaming in casinos and gaming halls in Spain through the OKTO.WALLET.
The OKTO.WALLET mobile app (available on Android and IOS) enables users to pay and play fast and easy on an ever-growing number of Electronic Gaming Machines (EGMs) connected to Jackpot Systems across more than 300 venues of top-tier operators in Spain.
Delivering fast time to market, OKTO’s mobile-first, entirely software-driven solution is integrated with Jackpot Systems’ Casino Management System (CMS), and is operational, utilising Jackpot Systems existing installed solutions.
OKTO and Jackpot Systems are fully aligned with the new norm and today’s operators and players demand for a secure, universal cashless payment solution. The OKTO.WALLET provides a safe payment experience and open-loop payment options for consumers, offering them the freedom to use a single payment app that can be used anywhere as in gaming venues and beyond. In addition, OKTO provides users with a contactless convenience through a virtual and physical prepaid card, linked to the user’s OKTO account, making their lives easier and more secure.
Users in Spain will now be able to embrace a complete cashless system, simply by downloading for free the OKTO app and create an account in less than 2 minutes. Thanks to the integration with the Jackpot Systems, players can load credits directly from their OKTO mobile wallet to EGMs, as well as collect their winnings at the end of the play session, straight into their OKTO.WALLET in real-time, without the use of any other Money-in or Cash-out system.
Putting control in the hands of users, OKTO provides consumers with a powerful and reliable app that enables them to monitor their transactions anytime, anywhere and real-time. Alongside, the new cashless solution harnesses all powerful tools to cover key issues, from responsible gaming, regulatory acceptance, security, choice and convenience, as well as public health, that enabling casinos and gaming halls in Spain to ramp up cashless payments quickly and efficiently.
Nacho Frade, Country Manager | Spain at OKTO, commented: “Adapting to mobile payment technology is extremely valuable for any business, including gaming. Gaming industry always adopt solutions that bring benefits to both users and operators alike, and as the industry rang a bell for cashless payment options, the Spanish market should follow suit.
Through our collaboration with Jackpot Systems, Casinos and Gaming Halls are now able to meet the transactional experience that today’s user demands via our OKTO.WALLET turn-key solution for the Spanish market. A solution that offers both convenience and ease of use as well as an enhanced payment journey to users, while also meeting operators demand for secure, cost-effective and cashless payment solutions is a perfect blend, and this is why we designed our solution.”
Alejandro Jiménez, C.E.O. Jackpot Systems, added: “I believe that our alliance with OKTO represents a new technological achievement for the face-to-face gaming industry in Spain of which we are especially proud.
We are thus raising communication with gaming machines to a new level, for the benefit of operators and users, with hardly any additional hardware. We are pleased to team up with OKTO on an exciting project like this one that will quickly catch on due to its ease of use, security and strong technology foundation.”
