PXP Financial, as it is currently known, was founded in 2001 by Kamran Hedjri, who serves as the company's group CEO. Its original team of payments industry experts have over 40 years of experience shaping and leading innovation in the payments space. Hedjri described the company as a leading payments provider that sets standards of operational excellence, best-in-class service and dedicated client care to help businesses thrive. "Our main focuses include compliance and governance, client and advocacy, organization alignment and morale, technology and operational excellence, and financial benchmarks," he said.
Hedjri additionally noted that PXP is committed to success, being brave, driving challenges, building trust, always learning and, most importantly, having fun. With 200 employees in the UK, Austria, Bulgaria, India and the United States, the company has global reach while remaining as nimble and dynamic as payments itself, he added.
Describing the company's consultative approach as a primary differentiator, Hedjri stated the company provides a full-service gateway that encompasses every aspect of the payments process. In addition, PXP experts have a full understanding of payments and the markets they serve, which helps partners and customers get the most out of their relationships with PXP Financial, he noted. "The relationships with customers and partners are key for PXP Financial—always on trust, respect and commitment," Hedjri said. "PXP doesn't stand for Payments x People for no reason, after all."
The company's in-depth offerings range from services created to improve conversion and approval rates to reporting, analytics and data-driven insights designed to help partners understand their customers while introducing service improvements. In addition, for partners specifically, PXP Financial provides all services from one source, including customer onboarding, dedicated account management and consulting in the underwriting process, Hedjri noted.
Hedjri pointed out that PXP Financial's full-service gateway is its core service offering that supports POS, ecommerce and cross-border acquiring solutions all in one place. Through this gateway, the company helps clients meet local and global regulation standards and expand their global footprints, as PXP is doing with its current U.S. expansion campaign in the iGaming and Sports Betting sector, he stated.
After a 2018 Supreme Court ruling striking down federal prohibitions against iGaming and sports betting, the U.S. market introduced legislation that created opportunities for gaming operators to grow, Hedjri noted. PXP Financial has been at the center of this industry, which has been a core focus for the company, he stated, adding that end-to-end, cross channel platforms have become more important than ever before, so the future for PXP Financial is bright.
Looking ahead to PXP's near-term roadmap, Hedjri summarized adjacent opportunities as follows:
"At PXP Financial, our guiding principle is to stay ahead of the payments game through innovative technologies and solutions that create a first-class payment experience for our partners and customers," Hedjri said.
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