OKTO Starts Direct Card Deposits in Mexico for Local Payment Needs

OKTO connects to Mexico’s domestic acquiring network for real-time card payments. Latin America sees OKTO expand with tailored offerings. Mexico receives OKTO’s direct card-in solution for Latin American expansion. Local payment rails connect iGaming operators and customers through real-time card deposits. Orchestrated Pay-ins and Payouts strategy drives this launch. Locally aligned infrastructure simplifies payment journeys.

Mexico’s iGaming audience uses card payments for over 25% of transactions. Operators need this capability to match local player preferences. Licensed domestic acquirers integrate directly with OKTO’s system. Intermediary processors disappear from the payment chain now. Approval rates improve while fraud exposure drops and transaction speeds increase. Direct acquiring gives merchants control over payment flows and pricing structures.

OKTO Expands Payment Solutions for Mexico’s Regulated Market

Five merchants prepare for the initial rollout phase. Mexico’s regulated market demands localised and compliant payment options. SPEI-based in-and-out payment methods work alongside the card-in service. The region uses these methods broadly already. Peru received real-time account-to-account payments from OKTO last month. Market-specific infrastructure development continues across Latin America. Thomas Georgopoulos serves as COO at OKTO currently. He said Mexico represents a key market in OKTO’s Latin American expansion strategy.

Direct card-in solution addresses iGaming users who prefer card payments. Mexico’s local acquiring network helps merchants through this integration. Costs reduce while approval rates increase for merchants. Players expect fast and seamless deposit experiences. Edward Chandler joined as Group CEO several months ago. Visa, Mastercard and Barclays employed Chandler in senior positions previously. Global expansion and embedded finance development fall under Chandler’s oversight. Payment capabilities advance through his leadership.

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