Digital payments solutions company, Okto Payments, has announced its acquisition of US fintech company, Flexia Payments.
With Flexia Payments being US-based, it syncs in with the company’s plans for market expansion within the North American gaming markets, furthering its omnichannel and cashless payments offering.
One of the main reasons Okto acquired Flexia was because Flexia is ‘well positioned to combine casino and online wagering accounts, the casino loyalty programs, all connected to a Flexia Prepaid Mastercard – into a single digital payment solution.’
This acquisition means that Flexia can help Okto to provide cashless and omnichannel payment solutions to North American casinos and gaming venues, enabling them to provide ‘full digitalization of customer experience across gaming and non-gaming activities.’
Theo Engelis, VP North America at Okto stated, "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."
Craig Libson, CEO & Co-Founder of Flexia commented, "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 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."
Scott Walker, President & Co-Founder of Flexia added, "Our alignment with Okto enables us to complete our mission to drive digital payment innovation in the world of online and land-based casino gaming, and in particular allows us to put our plans into action in North America."
