PXP, Kalixa merge to boost omnichannel payments

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Payments providers PXP Solutions and Kalixa have merged to form PXP Financial, a London-based company focused on delivering omnichannel services to merchant acquirers.

Koen Vanpraet will serve as CEO of the company, taking that role after previous industry experience at Global Collect/Ingenico, Credorax and Intrapay.

Kalixa acquired PXP Solutions in 2014, but kept the company brands and operations separate until now.

PXP, which stands for People x Platform, delivers integrated payment software for in-store and online commerce, with risk management and data analytics platforms.

The company plans to expand beyond payments solutions to include financial services to provide funding and working capital for acquirers to offer to merchants.

“The world of payments is becoming increasingly complex,” Vanpraet said in a Wednesday press release. “Many payments providers have experienced huge growth at the expense of customer experience and service levels."

PXP Financial intends to focus on customer service, in part, by cutting "the layers of complexity out and provide more integration and effectiveness," Vanpraet added.

The company says it offers various acquiring, technical and banking services for more than 1,000 businesses worldwide. It powers payments platforms in retail, hospitality, cruise, digital goods, food and beverage sectors.

Current clients include Abercrombie & Fitch, Hollister, Urban Outfitters, InterContinental Hotels Group and Millennium Hotels & Resorts.

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Acquirers M&A U.K.