OKTO, a pioneer in real-time cash-to-digital closed-loop payment services, has taken a significant step by launching its groundbreaking OKTO.CASH service in the Indian market. This strategic move aims to revolutionize payment experiences for both merchants and consumers across the country.
Transforming Payment Experiences in India
With the introduction of OKTO.CASH in India, online merchants now have the capability to offer cash-to-digital payments at hundreds of thousands of locations, including smaller cities. The service is already benefiting its first e-merchant, and many more are expected to adopt it throughout the year. OKTO.CASH is accessible through an extensive network of over 100,000 retail points, thanks to a collaboration with a pan-Indian network. The company plans to extend this reach to more than 500,000 retail points by the end of the year, ensuring broad availability for consumers to complete their cash-to-digital transactions quickly and securely.
Dedicated Local Support
To ensure the best possible service and assistance, OKTO has established a locally dedicated team to support this expansion. This team plays a crucial role in empowering online merchants with enhanced payment service offerings. Björn Katerbau, OKTO’s Chief Distribution Officer, emphasized the company’s commitment to delivering superior payment experiences: “We are dedicated to being a last-mile expert and helping online merchants acquire new consumers.”
A Leader in Digital Payments
The launch of OKTO.CASH in India reinforces OKTO’s position as a leader in the digital payment landscape. The service allows online merchants to offer a reliable and instantaneous payment option, meeting the diverse needs of consumers in the rapidly evolving digital economy. OKTO.CASH provides seamless, real-time cash-to-digital conversion, making it a valuable tool for merchants and consumers alike.
By expanding its services into India, OKTO continues to drive forward its mission of delivering efficient and effective payment solutions that cater to the needs of a growing digital marketplace.
