Zona de Azar Brazil – Brazil: OKTO Takes Control of U4C and Operates with Pix in the iGaming Sector

Brazil.- January 10, 2025 www.zonadeazar.com  OKTO, a multinational specializing in digital financial transactions in the sports betting market, has acquired 100% of U4C, a payment institution authorized by the Central Bank and participant in Pix and Open Finance.

This purchase, initiated in October 2023 and finalized with approval from the Central Bank, strengthens OKTO’s position in the Brazilian iGaming market.

With U4C, OKTO now operates as an authorized institution, ensuring direct connection with the Central Bank and greater efficiency in processing payments without relying on intermediaries. The company expands its offering of regulated financial solutions to the betting market and other sectors, consolidating its position as “Okto Bank.”

Recognized for excellence in customer service, OKTO combines local and international expertise, offering omnichannel digital payment solutions for global companies, aligned with regulatory standards and focusing on security and innovation.

The acquisition of U4C also allows OKTO to expand its payment operations in Brazil, offering more robust financial solutions tailored to the needs of the iGaming market and other sectors. As a Payment Transaction Initiator (ITP), U4C enhances financial service possibilities, enabling OKTO to process payments directly with the Central Bank and provide more flexible and efficient solutions for its clients.

Furthermore, OKTO is ready to grow even further, with plans to diversify its offerings and strengthen its position in the global market. With a team of specialists and a unified payment platform, OKTO continues to transform the way businesses and consumers conduct digital transactions, offering security, protection, and a seamless payment experience.

The move strengthens OKTO’s commitment to innovation and excellence, while maintaining compliance with local and international regulations. The company is prepared to meet the growing demand for modern and secure financial solutions, establishing itself as a key player in the digital payments sector and the iGaming industry.

Editó: @_fonta www.zonadeazar.com