The world of online betting in Brazil is constantly evolving, and as technology progresses, payment solutions are becoming more seamless, secure, and user-friendly. In this editorial piece, we will explore two innovative payment methods that are revolutionizing the Brazilian betting industry: Pay & Play and Pix Direct. These solutions offer players instant access to their favourite betting platforms, ensuring a hassle-free gaming experience while prioritizing payment safety, and efficiency, and boasting a remarkable 99% acceptance rate for deposits and withdrawals.
Pay & Play: Instant Gaming with KYC via First-Time Deposit
One of the most significant pain points for online players has been the lengthy registration and verification processes required by betting platforms. Recognizing this challenge, OKTO’s Pay & Play has emerged as a game-changer, streamlining the onboarding experience for new players through a seamless payment process.
With Pay & Play, players can skip the time-consuming registration forms and start playing immediately. This is made possible through a swift payment KYC process integrated seamlessly within the payment method. When making their first deposit, players provide the identification details required for the payment and undergo instant verification. Once approved—all in real-time—they gain immediate access to their chosen betting platform, eliminating any waiting time or tedious paperwork.
This innovative solution benefits both players and betting operators. Players can enjoy a frictionless gaming experience, with no interruptions or delays, while betting operators can easily attract new customers by removing the barriers to entry. Pay & Play not only accelerates the onboarding process but also ensures the highest standards of security and compliance, safeguarding both players and operators. Additionally, operators can gain instant access to a wide range of information, including full name, date of birth, gender, mother’s name, CPF status, query source, consultation date, and CPF issue date.
Pix Direct: The Fast, Secure Open Banking Payment Method
In the Brazilian betting industry, Pix has emerged as a revolutionary payment method, delivering high speed and efficiency to players. Now, OKTO introduces Pix Direct, which further enhances the payment experience by leveraging the open banking system in Brazil and enabling real-time transfers between banks and betting platforms with just 2 clicks.
Pix Direct is a revolutionary payment method, allowing players to deposit funds and withdraw winnings with unprecedented speed. Unlike traditional bank transfers that take several business days to complete and the regular Pix, Pix Direct offers real-time transactions, ensuring that players can immediately access their funds and place their bets without any delays, providing the most seamless way available in the market.
Apart from its swiftness, Pix Direct also offers enhanced security. By leveraging the robust security measures of the Brazilian open banking framework, Pix Direct ensures that transactions are encrypted and protected against unauthorized access. This reassures players that their financial information remains safe throughout the payment process.
Furthermore, Pix Direct eliminates the need for intermediaries, reducing transaction fees and costs for both players and operators. This cost-effectiveness, combined with its rapid transaction speed, positions Pix Direct as the fastest payment method for players in Brazil. Meanwhile, OKTO’s payment technology, known for its stability and robustness, ensures the highest acceptance rate for both payments in and out.
High-speed, Security, and Zero-Mistakes: Key Factors for Brazil
As the Brazilian betting industry evolves, the need for seamless and secure payment solutions becomes increasingly evident. Pay & Play and Pix Direct exemplify the innovative strides being made to transform the gaming experience for players in the region.
With Pay & Play, the arduous registration and verification processes are streamlined, granting instant access to betting platforms. On the other hand, Pix Direct harnesses Brazil’s open banking system, enabling lightning-fast transfers from normal Pix while keeping all the benefits of traditional Pix.
Both Pay & Play and Pix Direct not only provide players with a frictionless gaming experience but also enable operators to attract and retain a larger customer base. By prioritizing efficiency and security, OKTO’s new payment methods are setting new standards in the betting industry, paving the way for a more accessible and enjoyable gaming environment.
Why OKTO
OKTO is an international payment provider that offers more than just innovative payment solutions. Whether it’s in Brazil, LatAm, Europe, or the UK, OKTO provides added value to both international and local operators in every region it operates in.
Specifically designed for Brazil, OKTO’s complete suite of payment services supports online sports betting operators with a range of local payment methods including Pix and Boleto, as well as Cross Border Services and real-time eVouchers. Additionally, OKTO offers cutting-edge managed payment services with features such as BRL position hedging, advanced KYC and AML procedures, real-time KYC checks, and active restrictions on CPF mismatches.
At OKTO, customer experience is a priority. With 24/7 local customer support from experienced teams in gaming, entertainment, and insurance, operators can rely on comprehensive assistance. The company’s dedicated legal entity and local team leaders provide detailed reporting, while access to market statistics and intelligence empowers operators to make informed business decisions.
OKTO is more than just a payment partner. By utilizing OKTO’s payment services, operators can streamline their operations and deliver exceptional gaming experiences. The company handles payment complexities and provides comprehensive support to its operator partners.
