OKTO, a fintech provider in the gaming, leisure and entertainment industries, delivers payment solutions in countries such as Cyprus, Germany, Greece, Italy, the Netherlands, Romania, Spain and the UK.
Under the agreement, OKTO will provide advice and thought leadership to 900 casinos represented by the ECA about how to optimise digital payments for their customers.
OKTO said that the deal demonstrated its ongoing commitment to driving innovative payment solutions in the European casino community as it seeks to expand its services into new markets.
“We are committed to working with like-minded, influential bodies such as the European Casino Association,” OKTO chief commercial officer Simon Dorsen said.
“Digital payments are one of the fastest developing sectors within the gambling eco-system. As such, there is a constant requirement and demand for innovative companies to deliver solutions that meet the needs of regulators, merchants, and consumers.
“This partnership demonstrates OKTO’s desire to collaborate with industry experts to drive innovation and bring the best payment experiences to users.
“We look forward to sharing and exchanging knowledge with other industry leaders to ensure that collectively, we succeed in driving the industry forward and benefit all stakeholders – consumers, casinos, payment providers and regulators.”
The 900 casinos that are represented by the ECA employ more than 70,000 employees across 28 European countries.
ECA secretary general Hermann Pamminger added: “An essential part of the ECA’s role is to address key innovations as they relate to casino operations. The ECA serves as an information network for our members as we work closely with EU institutions upon initiatives that could potentially impact the European land-based casino sector.
“The announced partnership with OKTO provides our members with the very latest insights and developments regarding digital payments and digitalisation. It will help operators to understand and respond to requirements set out by industry regulators and, most importantly, how they relate to the genuine and effective responsible gambling frameworks implemented by duly licensed operators.”