IPSI
- Company typePrivate
- Founded2006
- HeadquartersSydney, Australia
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What IPSI does
IPSI is an Australian enterprise payments technology company headquartered in Sydney, founded in 2006 as a reseller of third-party payment technology and repositioned in 2017 around its proprietary EnterpriseSecure platform. The company builds and operates a unified API-architected payments gateway featuring customisable payment iframes, Dynamic Least Cost Routing (DLCR), 3DS2.0 authentication, tokenisation, white-label deployment, and integration with the New Payments Platform (PayTo, PayID, PayOut), card wallets (ApplePay, GooglePay, ClickToPay), and AI-driven fraud detection via Forter. The platform also supports agentic payment flows through Mastercard's Agent Pay framework.
IPSI sells exclusively direct to large Australian enterprise customers, eschewing resellers and distributors, and supports implementations through an in-house Project Management Office (PMO) offering High, Medium, Low, and Zero Touch engagement models. Its primary segment is the Australian enterprise market — large, complex organisations requiring customisable payment flows, orchestrated routing, and PCI DSS, ISO 27001, and SOC 2 Type 2 compliant infrastructure. Revenue is generated through transaction-based processing fees on payments routed through the platform and through professional services tied to implementation.
The company was founded in 2006, received growth capital from an Australian investment fund in 2022, and expanded into New Zealand in February 2026 through a Mastercard, Westpac, and Maincode partnership to process the country's first authenticated agentic payment transactions. IPSI maintains compliance certifications across PCI DSS, ISO 27001, and AICPA SOC 2 Type 2, and operates with a headcount of 11-50 employees.
IPSI firmographics
Firmographics- Name
- IPSI
- Legal name
- IPSI Pty Ltd
- Website
- https://ipsi.com.au
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
IPSI industry classification
Industry- Product category
- Enterprise Payment Processing Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
- akta.pro secondary industries
- Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods) (FSAMACAE), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)
Keywords
Where IPSI is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
IPSI business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Payment Processing / Transaction Fees: IPSI generates revenue primarily through transaction-based processing fees on payment flows managed through its EnterpriseSecure platform. The platform's least cost routing and orchestration capabilities allow it to capture value on each transaction routed through its infrastructure.
- Professional Services (PMO): IPSI offers professional services through its in-house Project Management Office (PMO) team, providing solution design, implementation, and delivery for enterprise customers. Services range from High Touch (full project ownership) to Low Touch (documentation and training only) and Zero Touch (self-service).
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
IPSI product offering
Product offeringCore offering
IPSI builds and operates the EnterpriseSecure payments platform, a proprietary unified-API platform with customisable payment iframes that enables large Australian enterprises to design payment flows, customise payment pages, and orchestrate routing across web, PaybyLink, wallets (ApplePay, GooglePay, ClickToPay), tokenisation, 3DS2.0, and NPP-based PayTo/PayID/PayOut. The company pairs the platform with an in-house Project Management Office (PMO) that delivers High, Medium, Low, and Zero Touch implementation and professional services for enterprise customers.
Product overview
IPSI offers a platform-plus-modules architecture built around the EnterpriseSecure core platform. EnterpriseSecure is a payments technology platform with a unified API architecture and customisable payment iframes that allows features to be enabled across all services simultaneously. The platform includes core payment processing capabilities (Web, PaybyLink, Virtual Terminal), routing and optimisation tools (Least Cost Routing, Payments Orchestration), security and compliance features (Fraud & 3DS2.0, Tokenisation, Dynamic Surcharging), payment methods (Wallets including ApplePay/GooglePay/ClickToPay, PayTo/PayID/PayOut via NPP), data and analytics (Reporting & Analytics, Notifications), and enterprise enablement tools (White Label, AgentSecure). IPSI also provides PMO services with multiple engagement models to support implementation.
Differentiator
Problem solved
Functional benefit
Brands
- EnterpriseSecure: IPSI's enterprise payments platform providing payment flow design, seamless integration, and a 'Real World' service model.
- AgentSecure
Products and services
- EnterpriseSecure IPSI's flagship enterprise payments technology platform: a unified-API, customisable-iframe payments platform that enables large Australian enterprises to design payment flows, customise payment pages, orchestrate routing, manage fraud, and scale payments (web, PaybyLink, wallets, 3DS2.0, tokenisation, NPP PayTo/PayID/PayOut, batch, orchestration, reporting/analytics) under a 'Real World' service model.
- AgentSecure Contact-centre payment de-scoping solution that suppresses DTMF tones so organisations can take card payments over the phone without card data entering their environment; fully integrated into the EnterpriseSecure payments platform for use by enterprises handling payments via call centres.
- PMO Services (Project Management Office) Professional services offering for enterprise customers implementing EnterpriseSecure, covering design workshops, solution design documentation, build, test, UAT, and project wrap-up under multiple engagement models (High/Medium/Low/Zero Touch). Target audience is large Australian enterprises integrating, migrating from legacy payment platforms, or rolling out new payment methods and flows.
Quantifiable outcome
- ApplePay and other wallet features can be enabled on a payment page in 3 clicks with no downtime or project required.
- +2 more outcomes
Companies that use IPSI
Customer profileSegments1 record
Ideal customer profiles1 record
IPSI technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability3 records
Feature6 records
IPSI partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- MastercardcoreMastercard partnered with IPSI as a processing partner for New Zealand's first fully authenticated agentic transactions through Mastercard's Agent Pay framework. The transactions demonstrated that AI agents can be authenticated and identified at each stage of the payment flow through existing card infrastructure. IPSI processed the transactions using its EnterpriseSecure platform, demonstrating scalability of the Agent Pay framework. This is part of Mastercard's broader agentic commerce expansion across the US, UAE, Latin America, and Asia Pacific, supported by a regional AI Centre of Excellence.
- WestpaccoreWestpac collaborated with Mastercard and IPSI to complete New Zealand's first fully authenticated agentic transactions. Westpac served as the issuing bank in the transaction flow, enabling AI agents to be recognised as visible, governed participants in the payment process. The transactions included purchasing cinema tickets from Event Cinemas and booking accommodation at QT Hotels & Resorts.
- MaincodeflagshipMaincode provided its large language model 'Matilda' which was used in conjunction with IPSI's processing capabilities to enable New Zealand's first fully authenticated agentic transactions under Mastercard's Agent Pay framework. The LLM powered the AI agent that autonomously conducted the transactions.
- Event CinemascoreEvent Cinemas served as a merchant partner in New Zealand's first fully authenticated agentic transactions, where an AI agent autonomously purchased cinema tickets through Mastercard's Agent Pay framework, demonstrating merchant acceptance of AI-conducted transactions.
- QT Hotels & ResortscoreQT Hotels & Resorts in Queenstown served as a merchant partner in New Zealand's first fully authenticated agentic transactions, where an AI agent autonomously booked accommodation through Mastercard's Agent Pay framework, demonstrating the ability of AI agents to complete hotel bookings.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
IPSI competitors and assessment
Company assessmentDirect peers
- Stripe: Global payment gateway and processing platform serving internet businesses of all sizes. Closely comparable to IPSI on core gateway, orchestration, fraud (Stripe Radar), wallets and developer/API architecture, though at vastly greater scale and geographic reach.
- Adyen: Enterprise-focused unified payments platform combining gateway, processing and orchestration. Highly comparable to IPSI's EnterpriseSecure on enterprise target customer, omnichannel processing and orchestration, with the same competitive threat to IPSI in Australia and APAC.
- Spreedly: Payments orchestration platform enabling merchants to route across multiple gateways and APMs. Directly comparable to IPSI's orchestration and DLCR capabilities, focused on enterprise merchants needing flexibility across payment service providers.
- Checkout.com: Global enterprise payments gateway with strong orchestration, fraud, and APM support. Comparable to IPSI on enterprise positioning, API-first architecture, and ambition to serve large merchants with intelligent routing.
Regional players
- SecurePay: Australian payment gateway owned by Australia Post, providing online card processing and APM support. Regional Australian competitor with overlapping gateway and APM enablement, though less enterprise-focused.
- Pin Payments: Australian payment gateway and processor targeting online merchants. Regional comparable to IPSI's online/web payments capabilities, though focused on SMB rather than enterprise.
- Tyro Payments: Australian-listed merchant acquirer and payments provider serving SMEs and enterprise. Comparable on Australian enterprise and integrated payments footprint, though historically more SME-skewed.
- Windcave (Payment Express): Australia/NZ-headquartered payment processor offering gateway, POS and online processing. Direct regional competitor to IPSI in ANZ with overlapping enterprise and omnichannel capabilities.
Broad incumbents
- Worldpay: Large incumbent merchant acquirer and gateway operating globally. Comparable broad payments infrastructure footprint, but at much larger scale and as part of a wider commercial cards/acquiring portfolio rather than a focused enterprise gateway.
- Braintree (PayPal): Global payment gateway owned by PayPal, offering gateway, vault, and fraud for online merchants. Comparable on gateway and orchestration capabilities within PayPal's broader payments portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
IPSI social profiles
Digital presenceIPSI compliance and trust
Trust signalCompliance3 records
IPSI financial estimates
Financial estimateRevenue estimate
Valuation estimate
IPSI leadership team
Management profileNumber of profiles
IPSI funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IPSI M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IPSI
What does IPSI do?
IPSI builds and operates the EnterpriseSecure payments platform, a proprietary unified-API platform with customisable payment iframes that enables large Australian enterprises to design payment flows, customise payment pages, and orchestrate routing across web, PaybyLink, wallets (ApplePay, GooglePay, ClickToPay), tokenisation, 3DS2.0, and NPP-based PayTo/PayID/PayOut. The company pairs the platform with an in-house Project Management Office (PMO) that delivers High, Medium, Low, and Zero Touch implementation and professional services for enterprise customers.
Is IPSI a public or private company?
IPSI is a private company. It is classified as venture growth investor backed and is currently operating.
When was IPSI founded?
IPSI was founded in 2006. It employs 51 to 100 people.
Where is IPSI based?
IPSI is headquartered in Sydney, Australia, in the Oceania region.
How does IPSI make money?
Two revenue lines are on record. Payment Processing / Transaction Fees are the primary driver. The others are professional Services (PMO).
Who are IPSI's main competitors?
Direct peers on record are Stripe, Adyen, Spreedly and Checkout.com. Regional players are SecurePay, Pin Payments, Tyro Payments and Windcave (Payment Express). Broad incumbents are Worldpay and Braintree (PayPal).
Does IPSI have an API?
Yes. IPSI offers a unified API architecture. All customer-facing services leverage IPSI's public API payment services, which combined with customisable payment iframes allows features to seamlessly flow and be enabled across all services simultaneously.
What industry is IPSI in?
IPSI's product category is Enterprise Payment Processing Platform. Its primary akta.pro industry code is FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout), with a secondary code of FSAMACAE, Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods). Its NAICS code is 522320.