‘Enhancement of Payment Expertise through Innopay Acquisition’

Oliver Wyman, a global leader in management consulting and a business of Marsh McLennan, has successfully completed the acquisition of Innopay. This acquisition is said to complement Oliver Wyman’s existing payments consulting and capabilities.

Innopay, known for delivering end-to-end payments solutions, will now be a part of Oliver Wyman’s portfolio. With this addition, Oliver Wyman aims to enhance its strategy, scheme development, and execution in the digital payments sector, along with focusing on open finance, digital identity, and data sharing.

As per the agreement, Innopay will operate as a specialist consulting business within Oliver Wyman’s European region, maintaining its presence in the Netherlands and Germany, specifically in Amsterdam and Frankfurt. Innopay’s expertise lies in supporting companies in identifying opportunities in the digital payments space.

Established in 2003, Innopay is a founding member of Holland FinTech, a tech hub that promotes ecosystem connections across Europe, the US, the Middle East, and Asia. Innopay’s CEO, Shikko Nijland, expressed enthusiasm about the acquisition by Oliver Wyman, stating that it opens up new growth opportunities and allows them to provide impactful solutions to clients.

The mission of Oliver Wyman is to assist organizations worldwide in embracing digital transactions. Therefore, the acquisition of Innopay aligns with this goal by providing access to better data to improve payments for clients. This strategic move signifies a commitment to innovation and growth in the digital payments industry.