Fintech IXOPAY and TokenEx Announce Merger to Streamline Global Payment Systems

Rene Siegl, Founder, Executive Chairman at IXOPAY, says that he’s pleased to share that IXOPAY and TokenEx are merging, beginning a new era in the optimization of global payment systems.

According to Siegl, this merger combines IXOPAY’s payment orchestration solutions with TokenEx’s specialization in “the tokenization of payment data.”

This strategic move results in “the creation of IXOPAY, a TokenEx Company, signaling the birth of a comprehensive and innovative product line designed to make payment transactions more secure and efficient.”

As noted in a blog post, IXOPAY has established itself as a provider in Europe, while TokenEx has “rooted its presence in the US market.”

Together, they now form a global team dedicated to improving “the world of payment optimization.”

This transatlantic partnership not only promises “an expanded geographical reach but also a vast pool of expertise geared towards meeting the ever-changing needs of global merchants.”

As explained in the update, the era of relying on “a single payment processor is coming to an end.”

This merger will accelerate “the journey to a future where, by accessing a diverse network of payment processors, merchants can gain a significant competitive edge through the ability to skillfully steer transactions and integrate uniform customer data.”

Their vision is to enable “a flexible and outage-resistant payment strategy that allows businesses to grow faster and tap into a new source of revenue – far removed from the limitations associated with being tied to a single processor.”

Yet, managing multiple payment processors “comes with its own set of challenges.”

As stated in a blog post, fragmentation of payment data “across different systems and the difficulty in effectively using this data for analysis are common issues encountered by businesses. This is where we step in:”

With their merged technology platform, they claim to “offer a solution that not only reduces complexity but also enhances security and simplifies PCI compliance.”

Our combined offering includes:

  • Omnichannel Tokenization: A universal token valid across all payment channels and processors significantly simplifies data management and contributes to security.
  • Payment Orchestration: Our platform optimizes payment flows through intelligent routing and also provides advanced risk management functions.
  • Card Lifecycle Management: Continuous updates and efficient management of payment information maximize our clients’ revenues.

The merger between IXOPAY and TokenEx marks “a turning point for global commerce, offering merchants unprecedented control over their payment systems.”

They are pleased to jointly “pave a path that benefits commercial enterprises not only in Europe and the USA but also supports business success worldwide.”


Register Now to Attend
Sponsored Links by DQ Promote

 

 

Send this to a friend