According to the two companies, the merger combines the advantages of Ixopay's payment orchestration skills, such as transaction routing and reconciliation, with TokenEx's proficiency in tokenizing payment data.

Together with PCI-certified secure payment data, this will give businesses the option to utilize different payment processors, higher authorization rates, and lower interchange fees.

TokenEx CEO Marc Olesen will serve as the combined company's leader and it will be known as Ixopay, a TokenEx Company.

Olsen states that by combining efforts, Ixopay, a TokenEx Company, possesses a unique position to assist merchants in crafting a payments strategy. This strategy aims to optimize the utilization of multiple payment processors, thereby enhancing both top and bottom-line results.