Money20/20 Europe Recap

Fintech’s largest convention, Money 20/20 Europe, once again hosted leading global payment players, tech giants, startups, and new challengers from 7 to 9 June in Amsterdam. The event brought together ideas, innovations, and people for three days to discuss the leading trends in the payment industry. IXOPAY was represented by five experts who had more than 200 scheduled meetings and plenty of chats. The booth was buzzing, last but not least due to its strategic location, which also included a small Golf putting green.

From Open Banking to In-Car Payments

An extended exhibition area, and a focus on panel discussions, summed up the industry's general mood: Amid the pandemic, the economy revives and faces new challenges. New topics such as E-Mobility found their place alongside the major issues in the context of Open Banking, Risk & Fraud Management and BNPL. Especially the automotive industry is looking into new ways to provide marketplace solutions for mobile use cases adding to the comfort of customers, such as future visions of the connected car to make frictionless payments directly from the vehicle cockpit/navigation system.

In discussions with our experts, the numerous Open Banking providers on-site confirmed the increasing awareness of the topic in the companies. With its Payment Orchestration Platform, IXOPAY offers the ideal basis for the requirements to provide these services securely and flexibly. Risk & Fraud Management remains one of the hottest topics with new developments in Machine Learning/AI.

Another booming aspect was Payment Orchestration. Our experts shared their knowledge on the subject and introduced new features of the IXOPAY platform to further enhance merchants' control and flexibility over their payment stack. The advantages of Payment Orchestration have gained importance during the Pandemic, making access to multiple payment methods a must-have for merchants. Yet, IXOPAY offers more than that: transaction routing, consolidating reconciliation and settlements, monitoring transactions in real-time to avoid false positives, mitigating risk, tokenizing customer payment data, etc. 

In summary, the event was an excellent opportunity to meet partners and clients and a great success for our team. If you want to learn more about payment orchestration, check out our payment expertise articles and stay tuned for more news. 

About IXOPAY

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