Light & Wonder aligns with Okto to drive UK cashless payments

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Light & Wonder is aiming to reap the cashless gaming rewards after entering into a partnership with Okto that is intended to heighten such capabilities across the UK.

This will see the latter align with the gaming group to enable cashless payments on Light & Wonder machines across the bingo, AGC, LBO and casino sectors.

“At Light & Wonder we are constantly looking at how we innovate and deliver added value for our customers and their players,” noted Wayne Ellard, VP Product Management at L&W.

“We are delighted to partner with Okto, integrating with their platform to enable our customers to take advantage of their cashless payment solution. 

“We particularly support the focus on player protection, which builds upon our industry leading tools that are already available to our UK customers. 

“We look forward to enabling this innovative cashless capability for our UK customers by the end of this year.”

This latter alliance is hailed as “another major success” and “ringing endorsement” by the payments group, with L&W following a collaboration with Nuvei that permits the company’s merchants to embed Okto’s range of methods. 

Simon Dorsen, OKTO’s CCO, said of this latest alliance: “Light & Wonder is a hugely respected innovator and a leading player in the industry, and we are excited about our new partnership that empowers operators to introduce cashless payments on the Light & Wonder gaming machines across the different gaming and betting sectors.”

He added: “Another important feature and a talking point in every customer meeting and conversation is the contribution Okto makes to responsible gambling. 

“OKTO payment platform is fully equipped with a safer gambling toolkit as well as a powerful RegTech API that manages all KYC, AML, and fraud queries, providing all the features that enable operators to remain compliant and uphold the highest standards of social responsibility.”