Real money slots and games supplier Regal announced last week its partnership with OKTO.WALLET, which would allow cashless transactions in its gaming machines. 

Regal Video Slots Now Accepts Cashless Payments

The Merker Group UK-owned company confirmed customers would soon have convenience playing its real money gaming machines without using any cash via OKTO.WALLET.

The free-to-download mobile app enables users to deposit and withdraw funds straight onto any affiliated gaming machines in the UK gaming sector. The cashless technology ensures its features are designed to provide clients safe, secure, and seamless transactions.

Regal has seen huge incentives in adapting the trend of offering cashless payments to customers. The company believes the technology would aid Britain’s pub sector recovery following series of COVID-19 pandemic-induced lockdowns between last year and early 2021.

The OKTO.WALLET advertises itself to the market as a fully licensed payment service, helping clients minimize payment friction, boost customer experience, and assure responsible gambling and player protection.

Customers can download OKTO app for free from the App Store and Google Play and sign up within minutes. The OKTO app allows users to transfer their funds instantly across the entire payment ecosystem, from the gaming machine, the pub’s ordering app, the bartop cashier, all the way out to any retail or online business accepting OKTO Prepaid Mastercard, linked to the OKTO wallet account.

Executive Insights

Simon Dorsen, director of gaming at OKTO, said: 

“Britain is moving beyond ‘peak cash’ this year, as the country has well and truly embraced a cashless society due to its convenience and ease. The Pub and Gaming sectors are able to address the users’ need with a flexible and cashless solution, thanks to our collaboration with Regal.”

“We designed a turn-key solution for the market that enables consumers to use a complete, digital, cashless solution, not only directly on gaming machines but also across the entire payment ecosystem. Providing them with a single payment app, users have the freedom to use their OKTO.WALLET anywhere, whether it’s pubs, AGC, Casinos or high street shops.”

Matt Bicknell, managing director of operations and product at Regal, added: 

“Through our collaboration with OKTO, we found both a digital, instant and cashless solution to meet our customers’ demand and the flexible, market-proven technology that enabled us to easily adopt it in our gaming machines. 

“The launch is the result of extensive research and co-development between our companies, and we are working actively on rolling it out to our client base in the UK.”