NXGEN and Payscape Announce Merger - NXGEN

NXGEN and Payscape Announce Merger

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We are excited to announce the official merger of NXGEN and Payscape! The merger will allow both companies to expand the payments and finance services offered to their clients by combining international resources and expertise. With a global footprint of 75 countries and a client base of over 20,000 merchants, NXGEN and Payscape are looking to raise the bar in the fintech industry.

A Perfect Blend of Cultural Identities and Strategic Goals

According to Tom Nitopi, founder of NXGEN International, the merger is the next logical step for the growth of NXGEN. The two companies offer a complimentary set of services, so the merger only stands to benefit the clients of both entities. From credit card processing to eCommerce services, NXGEN merchants will have one of the most comprehensive solution sets at their finger tips.

“The strategic and cultural fit between our two teams, allow us to integrate seamlessly and provide our customers with exceptional products and service. We look forward to working together to continue to deliver industry-leading fintech solutions to our customers and partners.”


Payscape co-founder, Adam Bloomston, who will lead the combined company as CEO

The goals and identity of both companies are a good fit, with both offering a client-first approach to customer service, with an emphasis on integrity and ingenuity. NXGEN has constantly sought to create and discover the best credit card processing technologies as a means of serving our merchants, and the solutions offered by Payscape further expand those offerings.

“I have long admired Payscape for its market leading position, proprietary software products and commitment to excellence in its relationships with both merchants and employees.”


Tom Nitopi, NXGEN’s founder and Vice Chairman of the combined company

So how does this affect existing merchants?

Both companies will continue to operate under their existing brands, with no action needed by existing merchants. The only change will be with regards to the depth of the solution sets available!

Stay tuned for further updates regarding the merger and how it will benefit new and existing merchants and partners. For the official press release, please visit
https://www.pymnts.com/news/partnerships-acquisitions/2019/nxgen-payscape-merger/

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