SINGAPORE AND LONDON, 31 August 2021 – Leading fintech acceleration platform Nium, today announced the completion of its acquisition of London-based, Ixaris, a leader in payments optimisation for the travel, media, marketing, and insurance sectors. Nium has received all regional jurisdiction regulatory approvals for the acquisition and welcomes Ixaris as its latest payments business unit. The definitive agreement to acquire Ixaris was announced on June 7. All of Ixaris’ 86 employees in London and Malta are now part of the Nium family.
“Ixaris has earned a reputation for delivering superior payment solutions, especially for the travel sector. It introduced Europe to virtual credit cards for travel payments back in 2014, which have since become the industry standard. We look forward to extending their digital payments influence to new growth markets, beyond Europe, including Asia, Africa and North America. Together we will deliver the payments infrastructure this industry has long deserved.” – Prajit Nanu, CEO and Co-Founder at Nium.
In the wake of the global pandemic, hardest hit sectors, such as the travel industry, are reimagining new payment technologies to replace outdated systems. Modern solutions, including virtual cards are gaining traction as a new and improved way to make B2B travel payments. These highly automated solutions offer complete control over payments and remove the need for manual reconciliation.
Ixaris has established itself as one of the clear leaders in the B2B travel payments space, with more than 10 million virtual cards issued in 2019. In partnership with Ixaris, Nium published its latest ebook which makes a compelling case for why travel agents should adopt virtual cards to transform their payment strategy.
Ixaris is a payments optimisation company with an extensive portfolio of virtual Mastercard and Visa cards that helps companies make smarter payment choices. From launching Europe’s first virtual cards to shaping the future of airline payments, innovation is in Ixaris’ DNA. London-based with offices in Malta, Ixaris is also a principal member of Visa and Mastercard.
Nium is a leading B2B financial services technology platform that seamlessly connects businesses to the world’s payment infrastructure with a single API.
Nium’s modular platform removes the complexity from global payments and allows banks, payment providers, travel companies, and other businesses to embed financial services, including technologies for pay-outs, pay-ins, card issuance, and banking-as-a-service, in weeks, not months.
Once connected to the Nium platform, businesses have the ability to collect and disburse funds in local currencies to over 190 countries, plus issue physical and virtual cards globally. Nium owns licenses in 11 of the world’s largest and fastest-growing jurisdictions to enable seamless global payments, regardless of geography.
For more information, visit: https://www.nium.com