OKTO has announced that its cash-to-digital payment solution, OKTO.PVR, has obtained official certification from iTech Labs to operate within the Italian market.
The OKTO.PVR wallet solution has been specifically tailored for the Italian top-up sales points market and is fully compliant with the latest PVR decree and published regulations.
The certification process involved functional testing and a source code review to ensure full compliance with the stringent standards set by the Agenzia delle Dogane e dei Monopoli (ADM), the primary regulatory body for gaming in Italy.
OKTO.PVR met relevant security, player protection and data registration requirements as per ADM standards ver 2.1. With this certification, the OKTO.PVR wallet solution is market-ready and aims to enhance the digital payment experience for users in the Italian market.
Dante Micucci, Country Manager Italy at OKTO, stated: “Achieving certification from iTech Labs is a significant milestone. This certification not only highlights our commitment to compliance and security but also reinforces our dedication to providing innovative payment solutions that cater to the unique needs of the Italian gaming market.
“OKTO.PVR is designed to offer convenience, security, and compliance, making it the ideal solution for both players and operators in Italy.”
The scope of the certification covers both deposit and withdrawal functionalities for online gaming websites and cash transactions within the retail network. Testing was conducted across multiple platforms to ensure compatibility with a wide range of devices to offer a seamless user experience.
OKTO.PVR addresses the demands of users who prefer offline transactions whilst interacting online. By bridging the gap between digital and cash transactions, OKTO.PVR seeks to offer a seamless mix of modern gameplay and traditional financial interactions, aligned with regulatory standards.
OKTO has now embedded its payment functionality within the Italian gaming market with OKTO.PVR and is set to cement its position in the market as a leader in gaming payments.