Kalixa has purchased PXP Solutions, a U.K.-based provider of in-store payment technology.
Kalixa, of London, will offer its prepaid eWallet and mobile card readers to current PXP customers, CEO Ed Chandler says in a May 27 press release.
"With the acquisition of PXP, we've created a world-class payments company with an unrivalled portfolio across the entire payments value chain," he says. "We are focused on introducing Kalixa Pro and Kalixa Pay services to PXP's extensive portfolio of merchants across 27 countries and in the process diversify into new sectors such as retail, travel and leisure and financial services."
The two companies will consolidate their corporate leadership, but maintain their respective brands. Chandler will remain CEO of the combined company, and PXP CEO Ritz Steytler is becoming Kalixa's chief operating officer.
The financial terms of the deal were not disclosed. No staff reductions are expected as a result of the merger.
Kalixa has 200,000 customers across Europe who use its prepaid MasterCard eWallet. The deal expands Kalixa's global presence to over 100 countries.