PXP Financial is celebrating its first anniversary by announcing plans to expand its services into 11 states in the US market.
Established after PXP and Kalixa united in February 2019, PXP Financial has seen nearly 60% yearly growth in the value of transactions processed, representing £21.5 billion annually.
PXP Financial’s major push into the US market, which has already begun with services live in New Jersey and West Virginia, is a logical next step for the company, which already processes payments for a healthy portfolio of large US companies. New US regulation on sports betting has also opened a new and exciting market, for which PXP Financial has a proven track record.
The announcement underlines the company’s goals for 2020, as it looks to grow its overall business by focusing on key verticals, including retail, travel, online gaming hospitality. As part of those plans, PXP Financial will also introduce a channel programme that will support payment facilitators and IPSP’s.
Koen Vanpraet, CEO of PXP Financial, commented: “PXP Financial has seen some fantastic milestones in its first year, from creating an unrivalled one stop shop for payment services, to teaming up with world-class partners, and processing €21.5 billion annually.
“Our company is made up of more than 200 payment experts, data scientists and technology developers, each using their knowledge to provide high-quality, personalised solutions and services for our customers. PXP Financial is a platform for the people and throughout our first year, we have made sure that this is at the heart of everything we do.
“Having set the tone in 2019, we look forward to driving the agenda when it comes to frictionless commerce in 2020.”