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
300+ PSP connectors through one integration is real breadth, but the list is login-gated and no method, currency, or market counts are published (Jul 2026).
Holding no licenses is the segment norm for a layer that never touches funds, so no deduction there. The deduction is the absence of a public PCI DSS attestation, which segment peers do publish.
A hosted cashier anyone can demo, with gambling and e-commerce modes and switchable layouts, plus a Hosted Fields SDK updated in March 2026. Held back by the main docs sitting behind an OAuth login.
PaymentIQ never holds funds, so settlement and payout speed ride each connected PSP's own terms. Routing and failover help conversion, but no acceptance-uplift or payout-time figures are published.
12 years in production and €50M in annual revenue disclosed, but zero current named clients.
No pricing page, no rate card, and no published fee figures of any kind.
Methodology. Our own score, a weighted average of six dimensions, tilted toward integration and coverage. Orchestration files weight integration and cashier at 0.26 and connector coverage at 0.18, with compliance lightest at 0.12 because the layer holds no funds, and on that math PaymentIQ's public cashier and 12-year record carry a 6.8 despite a 5.2 for commercials that stay entirely behind the sales process. Read the full methodology
- Twelve years in production since 2014, older than the orchestration category label itself and one of the longest-standing cashier platforms in iGaming.
- Rare financial disclosure for the segment: 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, which almost no competitor exposes pre-sales.
- 300+ PSP connectors through one integration as of July 2026, up from 260+ at the December 2025 deal announcement.
- Maintained public dev tooling in the present tense: the Hosted Fields SDK saw a GitHub update in March 2026, and the new opendocs portal is starting to publish processor guides.
- No current named clients: the relaunched site carries no logos or case studies, and every named operator dates to the 2017 era.
- The fourth owner in nine years (Bambora 2017, Ingenico 2017, Worldline 2020, Incore 2026), with the first standalone setup since 2017 only months old.
- Nothing on price: no pricing page and no published fee figures, so budgeting starts from a blank sheet.
- The connector list sits behind an OAuth login, so the 300+ PSP figure cannot be mapped against your own provider mix before sales opens the catalog.
- 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 a decade 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 (no US story anywhere public), small teams that need self-serve pricing, and buyers who require named 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. The compliance question that does apply is PCI DSS, and no public attestation is published.
Nothing in PaymentIQ's public materials points at the US: no US entity, no state money-transmitter angle, no US client or partner named. An orchestrator's market reach follows whatever PSPs and merchants plug into it, and the public footprint here is entirely European. US-first operators map their own PSP mix against that.
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, and no current UK reference is named publicly.
Not disclosed.
Licensing tier: License-free by design rather than by gap. The tier question that actually applies to an orchestrator is certifications, and PaymentIQ publishes none: neither a PCI DSS attestation nor ISO 27001.
Not disclosed.
Market reach is merchant-defined: PaymentIQ goes wherever its operators' PSP contracts go, and neither a market list nor a restricted-country policy is published.
No restricted-markets or operator-acceptance policy is public.
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 currently covers only a Google Pay processor guide.
No current claim published (Jul 2026). The 2022-era framing was a one-time integration opening access to every connected provider.
Products & tools
One orchestration layer carries the whole offer: routing and failover across 300+ PSP connectors, a hosted cashier anyone can try in public, and a developer surface split between a login-gated docs portal and open tooling on GitHub.
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 (Jul 2026), 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 (Jul 2026)
- Built-in redundancy and automatic failover when a provider slows down or goes offline
- Scale: 630M+ transactions a year, 19BN+ annual volume (currency unstated), 99.99% uptime (Jul 2026)
- 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 live layout switcher showing how deeply it can be reskinned.
- Public demo at cashier-demo.paymentiq.io, live as of July 2026
- 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 actual cashier flow
Developer Tooling & Docs
A split developer estate: an actively maintained Hosted Fields SDK and a WooCommerce plugin in the open on GitHub, a new 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), an e-commerce signal
- opendocs.paymentiq.com processor portal, with a Google Pay guide live and more announced (Jul 2026)
- Main docs at docs.paymentiq.io gated behind a Keycloak OAuth login (auth.iqservices.io)
- GitHub org github.com/devcode-git, renamed PaymentIQ and linking the new site
The history
Sales decks get rewritten for every deal. A dated record doesn't.
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), citing 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, with ten open roles across Bitola and Hoofddorp by July.
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 (7 of 10 open roles, Jul 2026)
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
No two vendors describe themselves the same way, which makes their own claims hard to line up. Every name here answers the same fields, so you can see where this one sits against the closest alternatives.
| Attribute | PaymentIQ | Praxis Tech | Corefy | IXOPAY |
|---|---|---|---|---|
| Founded | 2014 | 2014 | 2018 | 2014 |
| Team | — | — | 100+ | 164+ |
| US market | — | Restricted | — | Available |
| Pricing | On request | Not published | Public | Not published |
| 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 | — |
The take: Corefy and Praxis Tech court the same iGaming orchestration buyer with fresher marketing, while IXOPAY plays the vertical-neutral enterprise game PaymentIQ has just repositioned toward. PaymentIQ's counter is tenure and disclosed scale: twelve years in production, €50M of revenue disclosed, and 630M+ transactions a year, behind a gated connector list and a blank rate card. Pick it when operating history outweighs pre-sales transparency.
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 rate card or self-serve tier anywhere public.
Pricing is fully on request. The posture is enterprise sales (Contact us to get started), no contract-length or lock-in terms are public, and every PSP behind the platform is contracted by the operator directly, so PaymentIQ's fee is one line of the total payments bill. No third-party fee figures circulate either (Jul 2026).
The deal
Money movement
Onboarding path
- 1Contact sales through the paymentiq.com form, since pricing, terms, and even the connector list are enterprise-only
- 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, remembering each PSP still needs its own merchant agreement with you
- 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.
Frequently asked
The things operators actually ask before signing.
Who owns PaymentIQ now?+
Incore Invest, a Swedish investment firm founded by Nicolai Chamizo. Worldline announced the sale of CoreOrchestration AB, the company behind PaymentIQ, on December 8, 2025, and the deal closed on March 2, 2026 at roughly €160M (about SEK 1.75 billion). That makes Incore the fourth owner in nine years, after Bambora (2017), Ingenico (2017), and Worldline (2020), and the first setup since 2017 in which PaymentIQ runs as a standalone business.
Is PaymentIQ a payment processor, and does it hold any licenses?+
No on both counts, by design. PaymentIQ is a SaaS orchestration layer that routes transactions between your cashier and the PSPs you contract, and it never touches the funds, so no EMI, PI, or gambling license is required or held. The flip side is that KYC, AML, and every regulated obligation stay with you and your PSPs, and PaymentIQ publishes no PCI DSS attestation either (July 2026).
How many PSPs does PaymentIQ connect to?+
300+ PSPs as of July 2026, up from more than 260 at the December 2025 deal announcements and 45+ card acquirers plus 100 alternative payment providers back in 2022. The connector list itself sits behind an OAuth login, so mapping it against your own PSP mix starts with sales contact.
Does PaymentIQ still work with gambling companies?+
Its heritage is iGaming-first: DevCode built it in 2014 for iGaming operators, and Betsson Group, Casumo, and Mr Green were named clients in the 2017 era. The relaunched brand markets itself vertical-neutral, and the public cashier demo keeps an explicit Gambling Demo mode with mock casino and betting tabs, so the iGaming capability is alive and shipping.
What does PaymentIQ cost?+
Nothing is public: no pricing page and no published fee figures. Budget for an enterprise sales process, and remember that each PSP behind the platform bills you separately under its own contract, so PaymentIQ's fee is one line of the total payments bill.
Which operators use PaymentIQ today?+
None is named. The count is 300+ businesses (July 2026) with not one of them named, and the operators tied to it, Betsson Group, Casumo, and Mr Green, all date to the 2017 era. Current references arrive through the sales process.