Okto, a leader in digital payment services, has completed the acquisition of Flexia Payments, a fintech company specializing in cashless solutions for digital payments. This strategic move strengthens Okto’s market presence in North America’s rapidly growing gaming industry.

Flexia Payments has established partnerships with industry leaders such as WinSystems, Axes Information Management Systems, and CasinoTrac, allowing for seamless integration of casino and online wagering accounts into the Flexia Prepaid Mastercard.

The VP of North America at Okto, Theo Engelis, expressed his enthusiasm for the acquisition, stating that it positions Okto at the forefront of digital payment services in the North American gaming markets. This aligns with Okto’s cashless strategy in Europe and Latin America and marks a significant enhancement for both companies.

Craig Libson, CEO and co-founder of Flexia, emphasized the synergies between the two companies and the potential for accelerated deployment of advanced cashless and omnichannel payment services in the expanding gaming market. Flexia’s partnership with Okto provides access to substantial resources and capabilities, paving the way for success in the North American market and beyond.

Furthermore, Okto recently formed a partnership with the Italian Digital Hub Foundation (IDH) to strengthen its presence in Italy and collaborate on various digital transformation initiatives. With its commitment to innovative cashless solutions and expanding market presence, Okto is poised to revolutionize the digital payment landscape in the gaming industry.

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