PaymentIQ Review
6.8/10Payment orchestration and hosted cashier platform built in 2014 for iGaming operators, standalone again since March 2026 under Incore Invest after nine years inside Bambora, Ingenico, and Worldline.
Our read
- Twelve years in production since DevCode built it in Sweden in 2014.
- Roughly €50M in annual revenue and a ~€160M price, both published at the March 2026 carve-out.
- Tier-1 operator pedigree in its history: Betsson Group, Casumo, and Mr Green were clients back in the 2017 era.
- A hosted cashier anyone can try today at cashier-demo.paymentiq.io, gambling mode and layout switcher included.
- 300+ PSP connectors through one integration, up from 260+ at the December 2025 deal announcement.
- Maintained public dev tooling: the Hosted Fields SDK saw a GitHub update in March 2026, and the opendocs portal is starting to publish processor guides.
- No current client references, with the client list dating to the 2017 era.
- The fourth owner in nine years (Bambora 2017, Ingenico 2017, Worldline 2020, Incore 2026), with the standalone setup dating only to the March 2026 close.
- Pricing on request, negotiated per deal.
- The connector list sits behind an OAuth login.
- No public compliance attestations: neither PCI DSS nor ISO 27001 is published.
Mid-size to large European licensed operators and multi-brand groups that want a hosted cashier and orchestration layer with twelve years in production and deep PSP reach, and are comfortable running an enterprise sales and reference process to get it. Also PSPs seeking distribution, following Yaspa's 2022 processor-side launch.
US-first operators, small teams that need self-serve pricing, and buyers who require current references and public compliance attestations before shortlisting a vendor.
Markets & licensing
PaymentIQ holds no licenses because it needs none: CoreOrchestration AB is a pure SaaS layer that routes payments without ever touching the money, so EMI, PI, and gambling permissions all sit with the PSPs and operators on either side of it.
PaymentIQ is a Swedish company with a European client and partner history, and no US entity. An orchestrator's market reach follows whatever PSPs and merchants plug into it.
PaymentIQ itself needs no FCA permission to serve UK-facing operators, since the regulated activity happens at the connected PSPs. UK-facing brands like Betsson and Mr Green ran on it in the 2017 era.
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Licensing tier: License-free by design.
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Market reach is merchant-defined: PaymentIQ goes wherever its operators' PSP contracts go.
Methods & rails
What you can reach
Processing features
Integrations & engineering
One contract and one API instead of a separate deal per studio, feed, or PSP. Here's what connects, how fast, and on what stack.
One integration into the platform, after which PSPs are added as connectors rather than as new builds. The operator front end talks to PaymentIQ through the hosted cashier or the Hosted Fields SDK, routing rules decide which connected provider takes each transaction, and failover reroutes when a provider degrades. Commercially the operator still signs with each PSP directly, so PaymentIQ centralizes the technology while the merchant agreements stay yours. Developer docs require an OAuth login, and the public opendocs portal covers a Google Pay processor guide.
Products & tools
One orchestration layer carries the whole offer: routing and failover across 300+ PSP connectors, a hosted cashier with a public demo, and a developer surface split between open GitHub tooling and login-gated docs.
PaymentIQ Orchestration Platform
The core product: one integration into 300+ PSP connectors, with performance-based routing, automatic failover, and a scale of 630M+ transactions and 19BN+ in volume a year at 99.99% uptime.
- 300+ PSP connectors through a single integration, up from 260+ at the December 2025 deal announcement
- Routing engine that analyzes provider performance, declines, and fees and sends each transaction to the best-performing option
- Built-in redundancy and automatic failover when a provider slows down or goes offline
- Scale: 630M+ transactions a year, 19BN+ annual volume, 99.99% uptime
- Never holds funds, so no EMI or PI license sits anywhere in the contract
Hosted Cashier
A hosted, skinnable cashier with a public demo environment offering two modes, an explicit Gambling Demo built as a mock casino and betting site and an Ecommerce Demo, with a switcher between two cashier layouts.
- Public demo at cashier-demo.paymentiq.io
- Explicit Gambling Demo mode: a mock operator site with HOME, CASINO, and BETTING tabs
- Ecommerce Demo mode alongside it, matching the vertical-neutral repositioning
- Layout switcher (Demo layout / layout2) demonstrating cashier skinning in the browser
- Name and email signup launches the cashier flow
Developer Tooling
A split developer estate: an actively maintained Hosted Fields SDK and a WooCommerce plugin in the open on GitHub, a public opendocs portal for processor-side guides, and the main developer docs behind an OAuth login.
- hosted-fields-sdk (JavaScript) on GitHub, last updated March 25, 2026
- PaymentIQ Checkout Plugin for WooCommerce (PHP, updated August 2024)
- opendocs.paymentiq.com processor portal, with a Google Pay guide live and more announced
- Main docs at docs.paymentiq.io gated behind a Keycloak OAuth login (auth.iqservices.io)
- GitHub org github.com/devcode-git, renamed PaymentIQ
The history
Longevity in this industry usually comes with a change of owner somewhere in it.
PaymentIQ was built in 2014 by DevCode Payment in Sweden, designed around the needs of iGaming operators, with a Malta branch office opening the same year. Bambora bought DevCode in September 2017, Ingenico bought Bambora that same year, and Worldline's takeover of Ingenico closed in October 2020, so for nearly a decade the product lived inside ever-larger acquiring groups. Worldline announced the sale of CoreOrchestration AB to Incore Invest on December 8, 2025 as part of its North Star refocus, the deal closed on March 2, 2026 at roughly €160M, and PaymentIQ now runs as a standalone Stockholm-registered company under CEO Neil D'Souza.
Brands & clients on the platform
Corporate
Leadership
Milestones
- 2014
DevCode Payment builds PaymentIQ in Sweden with iGaming operators in mind and opens a Malta branch office.
- 2017
Bambora acquires DevCode Payment (September 12), and Ingenico acquires Bambora the same year, making PaymentIQ a Bambora product operated from Stockholm.
- 2020
Worldline completes its acquisition of Ingenico (October), PaymentIQ's third corporate home in three years.
- 2022
Citizen, now Yaspa, launches its instant bank payments on PaymentIQ (May), with access to 45+ card acquirers and 100 alternative payment providers through one integration.
- 2025
Worldline announces the sale of CoreOrchestration AB to Incore Invest (December 8) at roughly €160M, part of its North Star refocus on core European payment activities.
- 2026
The deal closes March 2 and PaymentIQ becomes a standalone company: the main site moves from paymentiq.io to paymentiq.com and relaunches vertical-neutral.
Where they're pushing next
- E-commerce (vertical-neutral relaunch plus a WooCommerce checkout plugin)
- PSP-side distribution (opendocs processor portal, Google Pay guide live)
- Engineering and data hub in Bitola, North Macedonia
Longevity and ownership
Switching vendors is expensive, which makes the company's staying power part of the purchase. What the contract says about your data decides how expensive an exit gets.
PaymentIQ vs alternatives
Most buyers in this market shortlist three or four vendors long before they take a single sales call.
| Attribute | PaymentIQ | Praxis Tech | Corefy | IXOPAY |
|---|---|---|---|---|
| Founded | 2014 | 2014 | 2018 | 2014 |
| Team | — | — | 100+ | 164+ |
| US market | — | Restricted | — | Available |
| Pricing | On request | — | Public | — |
| Methods | — | 1,000+ | — | 300+ |
| Currencies | — | 200+ | 200+ | — |
| Settlement | Not applicable: funds settle on each underlying PSP's own terms | No Praxis settlement layer | Set by each connected PSP, since Corefy never holds or settles funds itself | Not applicable: funds settle directly between the merchant and each underlying PSP or acquirer |
| Instant payouts | — | — | Yes | — |
Settlement & commercials
PaymentIQ prices per deal, so exact figures land in the contract rather than on a public rate card.
Enterprise SaaS licensing negotiated per deal, with no self-serve tier.
Pricing is on request through enterprise sales. Every PSP behind the platform is contracted by the operator directly, so PaymentIQ's fee is one line of the total payments bill.
The deal
Money movement
Onboarding path
- 1Contact sales through the paymentiq.com form
- 2Contract with CoreOrchestration AB (Stockholm) and complete its merchant KYB checks
- 3Get credentials for the OAuth-gated developer docs and a test environment
- 4Pick PSP connectors from the 300+ catalog
- 5Integrate the hosted cashier or the Hosted Fields SDK against your player flows and skin the cashier layouts
- 6Configure routing, failover, and reconciliation rules, then test and go live
Support & account management
You can't demo service before you sign, so what a vendor puts in writing is the only floor you can hold it to.