Data tokenization startup TokenEx and payments platform IXOPAY have merged to form 'IXOPAY, a TokenEx Company'.

Marc Olesen has been announced as the CEO of the newly combined entity.

The merger aims to improve authorization rates, reduce interchange fees, and ensure PCI-certified secure payment data handling.

The new platform will offer omnichannel tokenization for seamless use across different transaction types and payments orchestration for better risk management.

The merger is primarily targeting service improvements for European customers in the U.S. market.

The combined company is positioning itself as a leader in the payments industry with a comprehensive platform for global merchants.