TokenEx seals merger with IXOPAY 

Data tokenization startup TokenEx and payments platform IXOPAY have announced their merger to integrate their payment optimization software products, aiming to streamline users’ payment journeys.

The combined entity, to be known as “IXOPAY, a TokenEx Company,” will be led by Marc Olesen as CEO. The merger aims to leverage the strengths of both platforms to enhance authorization rates, reduce interchange fees for vendors, and provide PCI-certified secure payment data.

Their platform offers omnichannel tokenization, enabling merchants to utilise a single payment token for both in-person and online transactions across various payment processors. Additionally, it provides payments orchestration, distinguishing itself from other platforms by offering intelligent routing, cascading, and risk management functions. Users can also update expired cards and authenticate transactions seamlessly.

Rene Siegl, Founder and Executive Chairman of IXOPAY, expressed optimism about the merger, stating, “By merging with TokenEx, we not only combine our unique capabilities to become the most comprehensive payments platform for global merchants but also leverage the expertise of the TokenEx team to deliver superior service to our primarily European customers entering the U.S. market.”

CEO Marc Olesen highlighted the significance of the merger, stating, “This merger marks a significant milestone in the payments industry. By joining forces, IXOPAY, a TokenEx Company, is uniquely positioned to assist merchants in developing a payments strategy that optimises the use of multiple payment processors, thereby enhancing both top and bottom-line results.”