Paytech company Okto has made a strategic acquisition of Aplauz CH, the Swiss subsidiary of Aplauz Financial Services.
Aplauz CH will continue to deliver its Aplauz prepaid payment service through online merchants and retail distribution partners, now rebranded as Okto.Voucher. An Okto spokesperson said that the transition will be “seamless, ensuring uninterrupted service for all partners and consumers.”
Okto will also be introducing cash-to-online payment solution Okto.Cash to the Swiss market. It has already been established established across multiple European markets, including Romania, Greece, Czech Republic, Germany, Cyprus, Italy and Serbia.
“Welcoming Aplauz CH into the Okto Group marks a significant step forward in our international growth strategy,” said Thanos Mondanos, OKTO’s head of business strategy. “This acquisition reinforces our commitment to expanding in high-potential markets like Switzerland, allowing us to deliver a stronger portfolio of payment solutions that meet evolving customer demands.
We are confident that Aplauz CH’s established presence, combined with Okto’s innovative payment technologies, will create substantial value for both users and partners in the region.” Goran Abramović, director of Aplauz Financial Services, said: “We are thrilled with the successful sale of our Swiss consumer business and have every confidence in Okto’s capacity to drive further growth in this segment within the Swiss market.
“Aplauz Financial Services remains fully committed to supporting the Swiss market by continuing to provide our cutting-edge voucher issuing technology platform to Okto and offering ongoing technical support to our valued partners. We look forward to seeing the positive impact Okto will bring to this evolving market.”
