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Compliance Updates

OKTO’s Digital Payments Homologated in Community of Madrid, Revolutionising Gaming Industry Payments

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OKTO revolutionises Madrid’s gaming industry payments following the homologation of its cashless solution in the Community, marking the first time that electronic payments have been approved for use directly in gaming machines.

OKTO’s cashless solution will be available through the partnership with Jackpot Systems, a fast-growing technology provider. The development and cooperation open the door for digital payments to be used for gaming machines, providing a more seamless, secure and convenient way for users to pay and play.

“We are pleased to bring our cashless payment solution to the gaming industry in Madrid. This is a significant milestone for us, and we believe it is a clear indication that electronic payments in the retail gaming industry are here to stay. We look forward to working with our operator partners to provide them with the tools they need to offer a digital-savvy, safe and frictionless payment experience for their customers,” Nacho Frade, Commercial Director & Country Manager Spain at OKTO, said.

The homologation of OKTO’s cashless solution in the Community of Madrid is a significant achievement that paves the way for more communities to approve it, enabling cashless payments. It is an important step forward in the digitalisation of the gaming industry, which is increasingly adopting new technologies to provide better customer experiences and streamline operations.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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