Interwetten launches OKTO.CASH in Germany

Anchal Verma October 25, 2024

SiGMA news

Interwetten launches OKTO.CASH in Germany

Interwetten Group has officially rolled out OKTO.CASH, a new cash-to-digital payment solution, for its users in Germany. This marks a significant milestone for OKTO, as it expands its reach in the German market, reinforcing its leadership in cash-to-digital solutions across Europe.

With this launch, Interwetten players can now top up their accounts using cash at more than 14,000 retail locations throughout the country.

Expanding cash-to-digital solutions

OKTO.CASH enables Interwetten users to securely deposit cash into their accounts at popular chains such as Avia, Esso, Lotto, OMV, Q1, Shell, Tamoil, and Westfalen. The service provides added convenience, allowing customers to convert physical cash into digital funds effortlessly, tapping into the widespread preference for cash transactions among German iGaming players.

René Hartl, Head of Payment Operations at Interwetten said, “With OKTO.CASH, our players can easily deposit cash into their Interwetten accounts from familiar locations, giving them unprecedented convenience and flexibility.” This service meets the needs of players who still prefer cash payments while supporting a seamless transition to digital deposits.

User convenience and security

The introduction of OKTO.CASH aligns with broader trends in the German iGaming market, where many players continue to favour cash transactions. By offering a network of trusted retail locations, Interwetten ensures that users have simple and secure ways to top up their accounts.

This new payment option not only enhances convenience for customers but also reflects a growing demand for accessible digital payment solutions in the gaming industry. The ease and security of using OKTO.CASH is expected to strengthen Interwetten’s position in the market by offering its users a flexible, modern payment method.

Future European expansion

Following the success of the German launch, OKTO plans to extend its cash-to-digital solution across other European markets. Mikhail Ovsepyan, OKTO’s Head of Germany, said, “This partnership underscores our dedication to expanding across the region and beyond, while delivering cutting-edge payment solutions that meet the needs of iGaming fans.”

Earlier this year, OKTO introduced the same service in India, enabling users to top up accounts at over 100,000 retail points. OKTO’s ongoing expansion across multiple markets highlights its commitment to providing innovative and secure payment systems for users globally.