Payment tech innovator OKTO has transformed the landscape of online gaming in Mexico by introducing a fresh card payment platform, which is directly connected to the country’s banking network. Thanks to this innovation, gaming operators and players who use cards for transactions can make instant deposits.
So what colors this in a different light? OKTO is eliminating the intermediary completely. By going directly to the authorized banks and payment processors in Mexico, they are enabling transactions to be done in a shorter time, reducing the risk of fraudulent activities, and increasing the number of payments approved. Other than that, the gaming enterprises have the privilege to have a tighter grip on their payment avenues and are allowed to bargain for better rates.
OKTO’s move to Mexico is just one piece of their grand plan called Orchestrated Pay-ins and Payouts – their solution for handling payments efficiently by engaging with local systems directly rather than through intermediaries. And here’s the point: more than a quarter of the online gaming audience in Mexico still uses cards for their gaming transactions, so this is a big deal for operators who want to retain their customers.
The commissioning has already been able to draw attention, with five merchants prepared to start the service by flipping the switch. Moreover, this new card system is performing its duties in tandem with OKTO’s current SPEI payment methods, which are widely used by companies throughout the region.
OKTO’s Mexican expansion is a follow-up to its recent move in Peru with a real-time bank transfer service that was launched just last month. The company seems quite determined in its mission to develop tailored payment solutions for each market in Latin America.
Thomas Georgopoulos, COO at OKTO, used an analogy to explain the situation. Mexico is a huge part of our strategy for Latin America. There are still many gamers who prefer the use of their cards, and they are the ones who help do that by providing quick, stress-free transactions.
By following a local-first strategy backed by regulated online gaming, which is flourishing across the region, OKTO could be the one to finally deal the winning hand to long-suffering operators.
Editor-in-chief and creator Cole Smith of casinocurrencies.com, has extensive experience with casino payment systems, The site was created to provide an honest and trustworthy resource for online gambling players.