Vienna / Sofia, July 2019: Paynetics, an EU-licensed acquirer, issuer and technology provider has entered into a strategic cooperation with IXOPAY, the world’s leading payment orchestration platform, in an effort of combining the two companies’ existing solution portfolios. The partnership capitalizes on natural synergies and will enable enterprise merchants around the globe to profit from full-cycle payment solutions.
Paynetics provides a wide range of B2B and B2C solutions, simplifying financial services for clients of various verticals. They are fully licensed for acquiring and issuing services in the EEA region and, in recent years, have invested heavily in proprietary FinTech technologies. Winning Bulgaria’s edition of Raiffeisen Bank’s “Elevator Lab” is their most recent success in the field.
IXOPAY runs a state-of-the-art payment orchestration SaaS platform, enabling merchants to optimize their payment setup with functionalities like smart routing, proprietary risk management technology and centralized reporting and reconciliation. While clients can already outsource PCI compliance through an acquirer-agnostic vaulting solution, they will be in a position to obtain even more services needed for a complete payment value chain through the addition of Paynetics’ applications to the IXOPAY ecosystem.
“After meeting with the IXOPAY team multiple times, it quickly became clear to us that we share a similar DNA in the FinTech sector; both companies strive to bridge the existing legacy payment infrastructure with all of its regulatory aspects and often decade-old industry standards with modern technology solutions and user experiences that today’s customers and merchants expect. We expect a sustainable partnership with IXOPAY and the other platforms of the IXOLIT Group, where we will be able to complement each other and create value added services for a wide range of clients for many years to come.” said Valeri Valtchev, Co-Founder of Paynetics.
“Our new strategic cooperation with Paynetics adds value on multiple levels; not only do they run a modern acquiring business with a team of seasoned professionals (with whom we’ve done very successful business in the past already), but they are on the forefront of tomorrow’s payment technology applications as well. Their wallet-solution, issuing capabilities and phyre app would by themselves be a prominent addition to the services we can offer to our clients already, but we are particularly excited about integrating phos to our platform, a technology that surely has the potential to revolutionize point-of-sale payments. All of the above are a natural fit for combining them with our existing functionalities like customer profiles and smart routing and we can’t wait to bring the first solution packages to the market together.” added Rene Siegl, Executive Chairman and Founder of the IXOLIT Group.
Paynetics offers a wide range of B2B and B2C payment solutions. By providing secure, flexible and robust payment channels, they enable their partners to focus on developing their businesses. Paynetics believe that financial services should not be complicated and people should not be enslaved to them. Paynetics is a fully licensed and operational EU e-money institution with solid infrastructure in acquiring and issuing, combined with several exciting FinTech ventures with proprietary technologies and global ambitions.
IXOPAY is part of the IXOLIT Group, which was founded in 2001 and maintains national and international eCommerce customers from Vienna, Austria, and Florida, USA. The owner-managed and financed company has grown from a two-person team to an IT specialist with over 60 experts developing innovative solutions and products in the heart of Vienna. IXOPAY is a best-of-breed, highly scalable and PCI-certified payment orchestration platform for White Label Clients and Enterprise Merchants. The modern, easily extendable architecture provides intelligent routing and cascading functions as well as state-of-the-art risk management, automated reconciliation and settlements along with plugin-based integration of Acquirers and Payment Service Providers.
For more information please visit www.ixopay.com.