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Kalixa Acquires PXP Solutions
|By Business Wire
|May 27, 2014 04:57 AM EDT
Kalixa, the next-generation FinTech business, today announced that it
has acquired PXP Solutions, a privately-owned company with a 27-year
track record in the card payment processing sector.
Kalixa Chief Executive Officer Ed Chandler. (Photo: Business Wire)
The acquisition extends Kalixa’s addressable market to more than 100
countries globally and puts Kalixa in the top five payment services
providers in the world based on capability, payment options delivered
and ability to provide merchants of all sizes with multi-channel
payments on a single platform. The deal reinforces Kalixa’s ability to
offer a broad range of payment options contained in a single eco-system
to every sector of the market. Based on their independent volumes from
2013, the combined business processed total transaction volume worth
more than €10BN. Financial terms of the acquisition are not being
The expanded Kalixa group will offer payment services to merchants and
retailers of any size across any channel, using any device - all from a
single integrated technology platform. Both Kalixa and PXP will continue
to operate under their existing brand names and address their respective
parts of the payments market.
Kalixa already provides a broad range of electronic payment solutions
and products, including in-store and online merchant services, payment
gateway connections and financial settlement, card issuing, e-wallet
services and money transfer, together with value-added services such as
fraud management, risk mitigation, chargeback handling and
reconciliations. In 2013, Kalixa processed transactions for 300
merchants globally and 200,000 consumers worldwide use the Kalixa Pay
prepaid e-wallet for physical and online purchases.
Based in Hertfordshire, PXP’s in-store payments technology is used by
8,000 merchants and retailers in 27 countries worldwide. Its customers
range from SMEs to leading consumer brands including Urban Outfitters,
Burger King and SAGA. It processes 3.6 million transactions per month.
The deal represents significant value for customers who choose to use
Kalixa’s end-to-end payments offering, through the delivery of improved
customer loyalty, data collection and analytics, access to more product
innovations and improved operational efficiencies.
The new, expanded Kalixa group will be led by Ed Chandler, Kalixa’s
current Chief Executive Officer. PXP’s former CEO, Ritz Steytler, will
take on the role of Chief Operating Officer. Kalixa’s Julian Leigh
(Chief Financial Officer), Kamran Hedjri (Chief Strategy Officer) and
Jonathan Bennett (Chief Commercial Officer) complete the senior
executive team. There are no plans to reduce the enlarged group’s
200-strong employee base or close any offices.
“With the acquisition of PXP, we’ve created a world-class payments
company with an unrivalled portfolio across the entire payments value
chain,” said Ed Chandler. “Kalixa now has the scale and breadth of
services, as well as the expertise and insight, to disrupt the global
payments market and deliver a significant amount of added value to our
merchants. 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.”
Ritz Steytler added: “The payment industry has a reputation for being
complex, expensive and inflexible, while adding little value to
merchants and consumers alike. As a result of joining together with
Kalixa, we can provide merchants of all sizes with one partner, one
contract, and one service on a single, proven and fully integrated
To download an infographic about the acquisition, please visit http://news.kalixa.com/uk/press/
- ENDS –
Following the acquisition, Kalixa becomes one of the world’s top five
payment services providers, based on capability and range of payment
With its single payments platform, the Kalixa payments group provides
merchants of all sizes with omni-channel payments from one supplier. It
delivers value to customers by reducing costs, eliminating complexity,
boosting operational efficiencies, creating new revenue streams and
delivering a seamless, intelligent and frictionless payments experience
across multiple channels.
Kalixa’s four core products are Kalixa Pay, a prepaid e-wallet with
200,000 users across Europe, Kalixa Pro, an mPOS for small businesses
and sole traders, Kalixa Accept, which allows merchants to accept more
than 200 payment methods and the PXP Payment Gateway with customers
including Urban Outfitters, Intercontinental Hotel Group, bwin.party and
Kalixa payments group has an addressable market of more than 100
countries worldwide. It has over 200 employees internationally and
offices in London, Gibraltar, Cologne, Vienna and New York.
For more information visit: www.kalixa.com
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140527005581/en/
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