OKTO Acquires Flexia Payments after G2E Showcase
LISTEN TO THIS ARTICLE:OKTO, the gaming digital payment provider, has announced it has acquired the US-based Flexia Payments.
Flexia Payments is a specialty fintech company and OKTO has outlined the strategic reasons it has purchased it purchased the payments provider. The main reason stated by OKTO is that by acquiring Flexia Payments, the company hopes to achieve expansion into North American markets and believes this will be rapidly increased with the Flexia Payments brand.
Related: OKTO Reveals New Streamlined Payment Solution at ICE London
OKTO's Strategic Acquisition of Flexia
Flexia came to the attention of OKTO during this year's industry event, the Global Gaming Expo (G2E), where the fintech company was demonstrating its cashless system. This innovative service has attracted partnerships with a growing list of companies, including WinSystems, Axes Information Management Systems, and CasinoTrac.
This acquisition aims to place OKTO at the forefront of digital payment services provision in the North American land-based and online gaming markets via its omnichannel offering. We’re excited about this partnership, which marks a significant enhancement for both companies and aligns with our ongoing cashless strategy in Europe and Latin America.
North American Casinos and Gaming Venues
OKTO and Flexia think the collaboration will increase innovation between both parties and can offer landbased casinos and gaming venues throughout North America a cutting-edge service as they look to increase their footprint in the US.
Our partnership with OKTO grants us access to significant resources and capabilities, accelerating the deployment of advanced cashless and omnichannel payment services to the ever-expanding gaming market. The synergies between the two companies, our industry's best platform and pipeline, blended with OKTO’s powerful payment technology and existing business line, combine to form the foundation for success in the North American market and beyond.
OKTO Looks to Combine Casino and Online Accounts
One of the flagship products from Flexia is called the Flexia Prepaid Mastercard, which it promotes as a single digital payment solution.
OKTO states it believes there is scope to advance this product, which it says gives customers the ability to combine casino and online wagering accounts and loyalty programs.
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