IPSI

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.

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

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

• Enterprise payment processing
• Payment orchestration platform
• PCI DSS compliance solutions
• Tokenization and 3DS2.0 services
• Agentic payments processing

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. 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.
2. 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

Core 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

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability3 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• MastercardcoreTechnology or Integration · 17 February 2026Mastercard 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.
• WestpaccoreTechnology or Integration · 17 February 2026Westpac 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.
• MaincodeflagshipTechnology or Integration · 17 February 2026Maincode 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 CinemascoreTechnology or Integration · 17 February 2026Event 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 & ResortscoreTechnology or Integration · 17 February 2026QT 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

Direct 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

• Xx.com/SafePayments

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IPSI