On-line cost service supplier Nochex has been acquired by PAYSTRAX, an organization that specialises in supporting companies with advanced cost wants.
Established in Vilnius in Lithuania and with vital operations in Brighton, the acquisition will enable PAYSTRAX to diversify its portfolio within the UK the place the corporate had its first prospects.
Based in 2001, Nochex is without doubt one of the UK’s first on-line cost service suppliers and is licensed as an Digital Cash Establishment (EMI) by the FCA. The corporate operates as a cost facilitator and cost service supplier, providing a cost gateway orchestration platform.
“Through the years, Nochex has centered on delivering dependable cost options and constructing lasting belief with our retailers,” says Nick Fox, managing director at Nochex.
“Becoming a member of PAYSTRAX marks an thrilling new part the place we are able to proceed that dedication whereas unlocking new alternatives for innovation and repair. It’s a robust match for our individuals and our companions, and I look ahead to what we’ll obtain collectively.”
PAYSTRAX works with greater than 800 retailers and retailers throughout the UK and Europe and intends to retain the Nochex identify and model within the UK, together with the present staff.
“Whereas we proceed to develop by means of our personal natural efforts, a part of our long-term technique is to broaden externally as effectively by figuring out the precise alternatives to enrich our enterprise,” says Johannes Kolbeinsson, CEO at PAYSTRAX.
“Nochex has a robust model heritage, a confirmed fame with retailers, and a historical past of innovation as one of many first on-line cost service suppliers within the UK, and we look ahead to bringing this legacy into PAYSTRAX and constructing on it for the long run.”
