Digital Payments for the High Risk Sector

 Key Data

  • Trading Name: OKTOPAY
  • Legal Entity: OKTOPAY LIMITED/Oktopay Deutschland GmbH 
  • Activities: Digital Payments
  • Location: Cyprus
  • Regulations: registered E-Money Distributors of Sureswipe E.M.I. PLC
  • Key People: John Zacharaki/Lawrence Levy
  • Latest news: OKTO
  • Latest update: July 9, 2024

OKTO is a digital payment solutions provider catering to both online and retail environments globally.


OKTO offers a comprehensive range of digital payment solutions designed for both online and physical retail environments. Key products include:

  1. OKTO.CASH: Facilitates eVoucher cash payments, allowing users to pay securely online using cash.
  2. OKTO.WALLET: A digital wallet that supports seamless and secure transactions.
  3. OKTO.DIRECT: Streamlines retail payments with a mobile-first approach, enabling real-time transactions without the need for additional hardware.

Compliance Issues

Connections to Sureswipe E.M.I.

Sureswipe E.M.I., a Cyprus-based e-money institution, operates in high-risk sectors like online gambling and betting. Despite regulation by the Central Bank of Cyprus, transparency issues persist, especially in disclosing its sector activities. OKTO, a partner of Sureswipe, benefits from its complex network and licensing agreements. Concerns about executive roles and conflicts of interest highlight the need for increased regulatory oversight.

Related Individuals

John Zacharaki and Lawrence Levy.


OKTOPAY LIMITED (for the EU), Netlink SA (for Greece), and OKTOPAY Deutschland GMBH (for Germany) are authorized E-Money Distributors of Sureswipe E.M.I. PLC, an authorized EMI supervised by the Central Bank of Cyprus.

Customer Reviews

Trustpilot: 2,6 Stars with 5 Reviews

Serving Industries

OKTO serves businesses and consumers in both online and retail environments. They provide digital payment solutions that facilitate secure, real-time transactions, catering to industries such as gaming, retail, and other high-risk sectors.

Rating Conclusion

Due to its involvement in illegal online casino and gambling activities as a payment processor, and, additionally, its opaque structure, we include OKTO in our Red Compliance list. This association with unlicensed and potentially fraudulent platforms poses a significant user risk. Therefore, we recommend exercising caution and verifying the legality of platforms using OKTO before conducting any transactions.

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