Greece-based payment provider OKTO has entered into a partnership with the Italian Digital Hub Foundation (IDH) to solidify its presence in the Italian regulated market and cooperate on digital transformation strategies, especially concentrating on progressing e-money services.

New partnership

As an official member of the Italian Digital Hub Foundation, OKTO says it will be an active participant in mutual information exchanges like conventions, conferences and round tables, taking care to stay at the front line of the digital transformation of the Italian digital market and expansion of the payment industry landscape.

Commenting on the partnership, OKTO’s Director of Corporate Development and Regulatory Affairs in Italy, Francesco Crudo, commented: “We’re thrilled to join IDH, a prestigious foundation dedicated to enhancing Italy’s digital landscape. OKTO remains committed to upholding the most stringent regulatory standards and working closely with local authorities to deliver innovative, secure, and efficient payment solutions to our valued merchant partners.”

Also commenting on the partnership, Maurizio Pimpinella, President of Italy’s Digital Hub Foundation, said: “We warmly welcome OKTO to our Foundation. OKTO’s commitment to compliance and innovation is in line with our commitment to promote digital innovation in Italy, in the Paytech and Fintech landscape. We look forward to an increasingly close collaboration of OKTO with all our members to promote the development of the digital ecosystem and payments in the Italian market.”

More about partners

OKTO provides its partners with the opportunity to enhance client experiences and respond to the aforementioned client demands for digital payments. Additionally, the company introduces the newest digital transformation capabilities for gaming, entertainment and leisure clients and millions of people around the world. This is achieved by enabling responsible transactions in real time, taking care to remove the risk and friction connected with traditional payments, at each touch point. Furthermore, it enhances payment interactions for retail and online gaming by blending payment and gaming expertise, local knowledge with global capabilities. This involves backing up clients across a number of regulatory environments and domains with built-in omni-channel access.

The main objective of the Italian Digital Hub Foundation is to provide innovative and technological consulting services to back up central and local public administrations, trade associations and SMEs and firms in order to promote Digital Transformation and the development of entrepreneurship with a powerful culture of competitiveness and the codification of new business models. Moreover, its purpose is to represent its members in Italy and abroad before public bodies and agencies, administrations, economic and social organizations, business associations and public and private entities in order to cooperate in solving problems, making sure the protection of its members and carrying out sector analyzes and studies.

Source: “OKTO Strengthens its Presence in Italy by Joining IDH”, European Gaming, September 29, 2023

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