PXP Financial lands to offer payments for merchants
UK-based PXP Financial, a new payments firm delivering acquiring solutions for merchants, has officially launched.
Led by CEO, Koen Vanpraet, formerly of Global Collect/Ingenico, Credorax and Intrapay, PXP aims to deliver omni-channel integrated solutions for in-store and e-commerce, with attention to risk management and data analytics.
This will be expanded over time with a range of financial services for funding and working capital.
“The world of payments is becoming increasingly complex,” says Vapraet, “and many payments providers have experienced huge growth at the expense of customer experience and service levels. We cut the layers of complexity out and provide more integration and effectiveness.”
PXP stands for “People x Platform”, Vanpraet explains. According to the CEO, the firm already counts as clients the likes of Abercrombie & Fitch, Hollister, Urban Outfitters, InterContinental Hotels Group and Millennium Hotels & Resorts.
PXP has 250 employees from 25 nationalities working across six office locations: UK, Austria, Bulgaria, India, Australia and the US.