The leading payment solutions provider OKTO has partnered with Octavian Lab, a well-established online gaming platform in Italy, pioneering a new era of secure, compliant, and frictionless digital transactions in the local iGaming market. Octavian has integrated the company's open-loop wallet solution, OKTO.WALLET, enabling its operator partners to be ready for the new decree related to anti-money laundering and terrorism financing (PVR);
This launch is aligned with current and future regulatory requirements, reinforcing OKTO's commitment to expanding its presence in Italy with secure, compliant, and user-friendly payment innovations.
The OKTO.WALLET service empowers Octavian's operator partners and their clientele with a frictionless payment experience, enabling instant deposits and withdrawals while maintaining full compliance with Italy's stringent regulatory standards.
OKTO's wallet solution is specifically tailored to meet the requirements of the new PVR-related decree and is certified by iTech Labs and Quinel, ensuring compliance with the Agenzia delle Dogane e dei Monopoli (ADM), the leading gaming regulatory authority in Italy.
OKTO.WALLET offers a seamless cash payment solution for online, allowing users to continue enjoying cash deposits and withdrawals for their online gaming activities in compliance. With the addition of the OKTO Visa Card, the eWallet solution is further strengthened, giving users easy access to their funds anytime, anywhere.
"We are proud to partner with Octavian to introduce the OKTO.WALLET to the Italian market", said Dante Micucci, country manager of OKTO in Italy. "This integration underscores our commitment to providing compliant, secure, and advanced payment solutions that align with the evolving regulatory landscape and meet the diverse needs of iGaming operators and players".
The integration with Octavian is just the beginning. Several prominent online gaming operators using the Octavian platform are gearing up to unveil the OKTO.WALLET to their customers, further enhancing the security and efficiency of payment solutions in the Italian gaming market.
"We are excited to offer our operators a seamless and compliant solution that meets the evolving needs of the market and regulatory requirements", said Andrés Galan Chillon, sales manager of Octavian Lab. "This partnership with OKTO reinforces our dedication to providing advanced payment solutions that prioritize user convenience and security, setting a new standard for the Italian iGaming sector".
OKTO continues to work closely with stakeholders in the market, staying ahead of industry changes to ensure that its payment solutions remain at the forefront of innovation and compliance.
Source: GMB
