Digital mobile-first payment solutions provider OKTO, announced a new partnership with the leading cross-platform games company Light & Wonder. The newest collaboration was announced Wednesday and will see OKTO provide its leading cashless payment solutions for the company's gaming machines. Bingo, AGC, LBO and casino segments within Light & Wonder will all benefit from OKTO's cashless payments solution.
In a statement released on October 26, 2022, Light & Wonder's VP of Product Management, Wayne Ellard, said: "At Light & Wonder we are constantly looking at how we innovate and deliver added value for our customers and their players."
He explained that the company is delighted to join forces with OKTO and integrate its leading platform. According to Ellard, the recent collaboration with OKTO will help the company's customers benefit from their leading cashless payment solution.
At the same time, he reaffirmed that Light & Wonder supports responsible gambling and player protection via different tools that are suitable for customers in the UK. Last but not least, Ellard revealed: "We look forward to enabling this innovative cashless capability for our UK customers by the end of this year."
OKTO revealed its partner operators benefit from dynamic, simple, seamless and secure solutions. The company continues to invest in its solutions and ensures all transactions are secure. Additionally, by offering an easy-to-use platform, OKTO helps by increasing efficiency regardless of the daily workload. Finally, OKTO's platform supports special offers, promotions and new products.
Commenting on the recent partnership, Simon Dorsen, OKTO's CCO, added: "This is another major success for OKTO and represents a ringing endorsement of both the performance and integrity which underpin the OKTO payment platform and its unlimited capabilities."
The company's growing portfolio of partners includes leading organizations within the financial sector such as service providers and banks. Currently, OKTO has active partnerships in eight countries and has joined forces with more than 30 companies and operators.
Its services back different gambling, entertainment and leisure industries in jurisdictions such as Greece, Italy, the Netherlands, Spain, Romania, Cyprus, Germany, as well as the UK. What's more, OKTO acknowledged that its award-winning payment platform and app help by "digitalizing cash" in different industries.
Besides its latest announcement, earlier this month, OKTO inked a deal with Nuvei, the leading payment platform. The terms of the new deal enabled Nuvei to accept OKTO's embedded payment methods. While this deal expanded OKTO's portfolio of partners it also enhanced Nuvei's payment capabilities.
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