Money20/20 Europe Recap
IXOPAY attended Money 20/20 Europe from 21 to 23 September in Amsterdam. The event was attended by global payment leaders, new challengers, tech giants and startups. The aim was to stimulate change through the collision of people and ideas. It was our first face-to-face event in almost two years and six members of the team represented IXOPAY. The three-day event involved panel discussions, talks, networking, and social events. The IXOPAY team had over 250 scheduled meetings and thanks to the strategic location of the booth, plenty of unscheduled chats too.
Browsing through the exhibition area, we could see the trends driving the payments industry: common topics were “Smart Payments”, “Payments of the Future” or “Seamless Payments”. There was also a large focus on the competitive aspect of payments and how to regulate the growth the industry has experienced since the pandemic.
What caught our attention, in our many chats, is that a large majority of people still don’t know what payment orchestration is, or what it can do. With the growth of cross-border payments, and the speed at which eCommerce is growing, payment orchestration is essential. We had the pleasure of imparting our knowledge of the subject, but for those who still don’t know; payment orchestration, not to be confused with payment gateway, payment hub, or payment switch, gives merchants complete control over their payment stack. It is a technical layer that consolidates all aspects of payments. Meaning you can have access to multiple payment methods; use transaction routing; consolidate reconciliation and settlements; monitor transactions in real time to avoid false positives; mitigate risk; tokenize customer payment data; and more all in one place. Check out or payment expertise articles for more information about payment orchestration.
During one of our many discussions, an interesting question was raised, whose role is to educate consumers about new payment options. Is it the merchant? Or do they simply react to the consumer by offering new ‘trendy’ methods? It was an interesting point that needs to be considered. Where do you stand?
It was a successful event for IXOPAY and we look forward to the next!
IXOPAY at Money 20/20 Europe 2021
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IXOPAY is a payments orchestration platform enabling independent, flexible and global payment processing. As a highly scalable and PCI-DSS certified “fintech enabler”, IXOPAY fulfills the needs of large merchants as well as those of “white label” clients: payment service providers (PSPs), acquirers and independent sales organizations (ISOs). The modern, easily extendable architecture offers smart transaction routing & cascading, state-of-the-art risk & fraud management, fully automated reconciliation and settlements processing, comprehensive reporting as well as plugin-based integration of acquirers, payment service providers and alternative payment methods (APMs).
IXOPAY is part of the IXOLIT Group, founded in Vienna, Austria in 2001. With local entities in Austria and the USA, IXOLIT supports national and international customers across various industry verticals. The owner-led and -financed company has grown from 2 to more than 65 employees and is focused on building innovative solutions for eCommerce.
Please find more information about IXOPAY here: https://www.ixopay.com