Codere launches the OKTO cashless solution in Spain.

OKTO’s entirely cashless mobile-first payments solution is being rolled out across Codere’s network of gaming halls and sports betting shops.

The OKTO.WALLET payment software and platform will be used in gaming machines across Codere’s arcade network in the Spanish gaming market to begin with.

The partnership’s entire reach will allow Codere users to deposit and withdraw in real-time from every Codere gaming and betting touchpoint, whether retail or digital.

The collaboration deal, according to Nacho Frade, OKTO’s Country Manager for Spain, delivers a clear and powerful statement to the market: “Codere is a major leader in the gaming entertainment field with over four decades of experience, recognized as an industry ‘trendsetter.'”

“Our partnership with the organization is a testament to the status of the OKTO brand and the effectiveness of the award-winning technology that lies behind it. OKTO, which is leading the cashless revolution and driving the digital transformation across European gaming, leisure, and entertainment sectors, meets Codere users’ demand for a smooth, seamless, digitalized journey.

“Alongside, OKTO will play a big role in delivering a safer gambling experience, incorporating all-important social responsibility features, and giving players the power in their hands.

“Venues are also able to use the app’s various responsible gaming tools – all features that are valued by regulators. Furthermore, reducing the levels of cash in a business not only reduces operational overheads but also mitigates against the threat posed by fraud and theft.”

“For Codere, technology is always a facilitator for growth,” said Emilio Miranda, Director of Operations at Codere Spain. Our cooperation with OKTO is well-timed, allowing us to enter into the digital, robust cashless future and broaden our offering, as we compete in an increasingly digitalized environment.”