In a pivotal development within the payment technology sector, cloud tokenization provider TokenEx has merged with Ixopay, a payments orchestration platform known for its transaction routing and reconciliation capabilities. The merger is poised to leverage the complementary strengths of both companies, significantly enhancing merchant capabilities in handling multiple payment processors and optimizing transaction costs and security.
Key Data
- Trading Name: IXOPAY
- Legal Entity: IXOLIT GmbH
- Activities: PayTech
- Location: Austria
- Regulations: None
- Key People: Rene Siegl (LinkedIn)
Background Ixopay is a PayTech service operated by IXOLIT GmbH, which is part of the IXOLIT Group founded in Vienna, Austria, in 2001 by Rene Siegl. The company is led by CEO Nathalie Siegl. With a presence in both Austria and the USA, IXOLIT supports a diverse range of national and international clients across various industries. From its inception with just two employees, the company has grown to over 65, focusing on creating innovative solutions for eCommerce.
The merger, resulting in the combined entity named Ixopay, a TokenEx Company, will be led by TokenEx’s Marc Olesen. The integration is expected to empower merchants with increased authorization rates, reduced interchange fees, and PCI-certified secure payment data management through Ixopay’s Card Vault, which provides an independent method for storing and tokenizing customer payment data.
Customer Reviews
- Google: 4.3 stars with 6+ reviews
Conclusion While our research did not uncover extensive reviews or ratings, there were no signs of poor business practices or allegations of fraud concerning Ixopay. The company maintains a position on our “Green Compliance Light” list, indicating a trustworthy status with no significant regulatory concerns. Marc Olesen, echoing the sentiment of both entities, remarked, “By joining forces, Ixopay, a TokenEx Company is uniquely positioned to help merchants develop a payments strategy that optimizes the use of multiple payment processors to enhance both top and bottom-line results.”
This merger is set to redefine the standards for secure and efficient payment processing, combining advanced technology and extensive industry experience to offer a robust solution for today’s dynamic market.