Senjō Group Adds to Portfolio with Acquisition of Kalixa Payments Group

GVC Holdings Plc, a provider of B2B and B2C services to the online gaming and sports betting markets, has offloaded its payment processing arm, Kalixa Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term Group, and its subsidiaries to a privately held investment firm, Senjō Group Pte. Ltd.

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Kalixa Payments is GVC Holdings’ payments processor and merchant provider of omni-channel payments. The acquisition follows on the heels of a past agreement that was announced back in December and that has now officially been tendered for $30.34 million. Consequently, Kalixa Payments and its subsidiaries, that include Kalixa Accept Ltd, Kalixa Services GmbH, and PXP Solutions Ltd, will be absorbed by Singapore-based Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term group Senjō Group Pte. Ltd.

The deal represents a new beginning for Kalixa Payments, which will be able to strengthen its own business and expansion via a more globalized approach. More importantly, Senjō Group will also help stabilize the company with its own business and long-term support with the aim of enhancing its payment platform and bring further solutions to its customers and partners.

Kalixa Payments currently has a core product group that includes Kalixa Accept, which enables merchants to accept more than 100 payment methods and the PXP Payment Gateway. For its part, Senjō Group will look to fortify its own portfolio with the addition of Kalixa Payments – the acquisition helps shore up its long-term goals of securing high-growth companies with the hopes of leveraging global payments capabilities.

“We look forward to working closely with Senjō Group to accelerate our business growth and expansion into the APAC region. Our innovative technology and expertise across the payment value chain combined with Senjō’s strong financial backing and know-how will help us build a global footprint and further disrupt the payment space,” explained Kamran Hedjri, Kalixa’s CEO, in a statement regarding the sale.