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Okto announces partnership with Truelayer

The partnership will allow Okto to use instant bank transfers for top-ups and withdrawals.

truelayer okto instant payments
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Okto and Truelayer have partnered to bring Truelayer’s instant banking capabilities to Okto’s Cashless Solutions.

Okto will hope the partnership becomes a big step in its mission to drive digitalisation in the land-based gaming industry, and deliver positive payment experiences in the retail sector.

Users of Okto products such as Okto.Wallet and Okto.Direct will now have access to instant bank payments for top-ups and withdrawals.

This year, Okto gained approval for usage in Madrid and introduced its service in Germany.

Maria Magoula, Payments Director of Okto, said: "We are thrilled to partner with Truelayer and integrate their exceptional instant bank payments into our Cashless Solutions.

"By incorporating Truelayer's instant bank payments, we further solidify our commitment to delivering fast, secure and seamless payment options, ultimately enhancing the overall gaming experience.

"Additionally, Truelayer's extensive scale empowers Okto to meet the evolving needs of both merchants and their players, while also accelerating our expansion with major merchants across the UK and Europe, including Spain and Germany."

Roberto Villani, VP of iGaming at Truelayer, said: “We are excited to team up with Okto and empower their users to leverage instant bank payments, both online and in retail stores. Our open-banking-powered solution will be available for Okto merchants and payers across Europe and they will benefit from smarter, safer and faster online payments.

"This partnership aligns with our mission to change the way the world pays. We look forward to working with Okto to continue to drive innovation.”

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