OKTO makes its mark on Italian retail sector with Exalogic deal

OKTO has signed a contract with Italian B2B gambling software group Exalogic, further expanding its reach across the European betting and gaming sector.

The payments provider will take two solutions live to the Italian market via the partnership, its flagship OKTO.CASH product as well as the newly developed OKTO.PVR offering, which has been tailored to the Italian Punto Vendita Ricariche (PVR) system.

PVR is an important part of the Italian omni-channel betting network. The system enables customers to top up gambling accounts at retail points of sale, providing the link between bricks-and-mortar and online betting.

Domenico Maggi, CEO of Exalogic: “Our collaboration with OKTO, incorporating OKTO.CASH and OKTO PVR, underscores our commitment to shaping the future of gaming. 

“This powerful blend enables online gaming operators to surge ahead in a rapidly evolving market. We anticipate this partnership will usher in a new era of convenience and enriched experiences for both operators and players in the vibrant Italian gaming community.”

The partnership will see Exalogic integrate the bespoke OKTO.PVR solution as an extension of the OKTO.WALLET, fusing contemporary gameplay and financial interactions and with an aim to align with evolving regulatory standards.

Additionally, Exalogic will also utilise the OKTO.CASH evoucher solution to expand the range of payment options available to operator clients’ customers. The firm aims to enable its users to deposit in gaming accounts across various top-up points throughout the retail network.

The partnership marks a further expansion of Athens-based OKTO’s ties to the European betting and gaming sector, following regulatory approval in Germany earlier this year as well as a rollout of its products in the Romanian market.

Dante Micucci, Italy’s Country Manager of OKTO, added: ” Our partnership with Exalogic signifies a revolution in the gaming landscape. Our payment solutions are a testament to our dedication to innovation and player-centric solutions, seamlessly blending online and offline dynamics.

“As the importance of payment compliance grows, being prepared becomes a critical factor to stay and grow in the market. OKTO is here to help gaming operators navigate the new Italian regulations. We are confident the collaboration will bring unparalleled convenience and enhanced experiences to gaming operators and players alike.”