Okto is expanding its real-time cash-to-digital payment service into Spain, Germany, Greece, and Croatia, marking a significant milestone in its mission to revolutionise payment experiences for both merchants and users.
As a result of this expansion, e-merchants now have the capability to offer instant eVoucher payments in 12 countries at hundreds of thousands of locations with a single integration with Okto.
Okto.Cash is now accessible through an extensive 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 renowned brands in various verticals, including kiosks, petrol and gas stations, supermarkets, and lottery outlets, among others.
This development underscores Okto’s commitment to delivering a superior payment experience at every transaction and empowers global and local online merchants to enhance their service offerings and enter new markets effortlessly.
Okto's Chief Distribution Officer, Bjoern Katerbau, underscores the strategic synergy of this expansion with the company's mission and goals. He adds: "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."
