Compliance Updates

OKTO’s Market Ready PVR Wallet Officially Certified

Published

1 year ago

July 23, 2024

Niji Narayan

Reading Time: < 1 minute

OKTO has announced that its innovative cash-to-digital payment solution, OKTO.PVR, has successfully obtained official certification from iTech Labs, a renowned independent testing laboratory. The OKTO.PVR wallet solution has been specifically tailored for the Italian Top-up Sales Points (PVR) market and is fully compliant with the latest PVR decree and published regulations.

The certification process involved comprehensive functional testing and a meticulous source code review to ensure full compliance with the stringent standards set forth by ADM (Agenzia delle Dogane e dei Monopoli), the primary regulatory body for gaming in Italy. OKTO.PVR met all relevant security, player protection and data registration requirements as per ADM standards ver 2.1. With this certification, the OKTO.PVR wallet solution is now market-ready and set to enhance the digital payment experience for users in the Italian PVR market.

The scope of the certification covers both deposit and withdrawal functionalities for online gaming websites and cash transactions within the retail network. Testing was conducted across multiple platforms to ensure compatibility with a wide range of devices, offering a seamless user experience.

OKTO.PVR addresses the demands of users who prefer offline transactions while enjoying online experiences. By bridging the gap between digital excitement and tangible cash transactions, OKTO.PVR offers a seamless fusion of modern gameplay and traditional financial interactions, aligned with regulatory standards.

Dante Micucci, Country Manager Italy at OKTO, said: “Achieving certification from iTech Labs is a significant milestone. This certification not only highlights our commitment to compliance and security but also reinforces our dedication to providing innovative payment solutions that cater to the unique needs of the Italian gaming market. OKTO.PVR is designed to offer convenience, security, and compliance, making it the ideal solution for both players and operators in Italy.”

Related Topics:Dante Micucci iTech Labs OKTO

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Niji Narayan

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.