TokenEx and Ixopay to merge

The two firms say the merger brings together the strengths of TokenEx’s expertise in tokenisation of payment data, and Ixopay’s payments orchestration, including transaction routing & reconciliation capabilities.

This will offer merchants the ability to use multiple payment processors, increased authorisation rates and decreased interchange fees, along with PCI-certified secure payment data.

The combined company will be called Ixopay, a TokenEx Company, and will be led by TokenEx boss Marc Olesen.

Says Olsen: “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.”