OKTO, an international leader in payment technology, announces the full acquisition of Aplauz CH GmbH, the Swiss subsidiary of Aplauz Financial Services. This strategic deal strengthens OKTO's presence in the country, allowing the company to expand its customer base and introduce innovative transactional services in the sector, while maintaining and enhancing Aplauz's existing infrastructure in the region.
Under the ownership of OKTO, Aplauz will continue to provide its prepaid payment service through online merchants and retail distribution partners, now rebranded as OKTO.VOUCHER. The transition will be seamless, ensuring uninterrupted service for all partners and consumers.
Aligned with its growth strategy, OKTO also introduces OKTO.CASH to the Swiss market—a fast and direct cash payment solution for online already established in various European markets, including Romania, Greece, Czech Republic, Germany, Cyprus, Italy, and Serbia.
Aplauz, now under the leadership of OKTO, holds the necessary regulatory approvals from the Self-Regulatory Organization (SRO) VQF to offer the OKTO.VOUCHER and OKTO.CASH services in Switzerland.
Thanos Mondanos, head of business strategy at OKTO, commented on the acquisition: "Bringing Aplauz CH GmbH into the OKTO Group marks a significant step in our international growth strategy. This acquisition reinforces our commitment to expansion in high-potential markets like Switzerland, allowing us to offer a stronger portfolio of payment solutions that meet the growing demands of customers".
"We are confident that the established presence of Aplauz CH GmbH, combined with OKTO's innovative payment technologies, will create substantial value for users and partners in the region".
Mathias Wratschko, senior distribution manager at OKTO, added: "This is a crucial moment for OKTO, our partners, and Swiss users. Through the acquisition of Aplauz CH GmbH, we are ready to elevate transaction volumes and customer experience in Switzerland".
“By expanding the renamed OKTO.VOUCHER service and launching OKTO.CASH, we are enhancing Swiss payment options in a way that promises substantial revenue growth for our partners and greater satisfaction for consumers”.
Goran Abramovic, director of Aplauz Financial Services Ltd., mentioned: “We are excited about the successful sale of our Swiss consumer business and have full confidence in OKTO's ability to further drive growth in this segment within the Swiss market”.
“Aplauz Financial Services remains fully committed to supporting the Swiss market, continuing to provide our cutting-edge voucher issuance technology platform to OKTO and offering ongoing technical support to our valuable partners. We look forward to seeing the positive impact that OKTO will bring to this evolving market”.
Source: GMB
