Ximedes, established in 1998, builds bespoke software, focusing on Open Banking and Open Public Transport systems. In the past few years, Ximedes has done a series of strategic acquisitions to become a top European fintech leader. With its fintech proposition, Ximedes helps banks to build new services that are on par, or exceed, the offering of fintech players. The acquisition of Ginger fits right into this strategy. Ginger has been providing online payment solutions since 2014, enabling banks and fintechs to help their merchants accept payments. Ginger has established a solid clientele of leading banks and fintechs in Western Europe, and together with Ximedes, it plans to expand further across Europe.

Ginger is a fast-growing payments company trusted by tier-1 banks & acquirers, with clients like EMS (a Fiserv & ABN AMRO company) and Rabobank. Ginger offers, among others, the tech component of a white label PSP (payment service provider) making sure that banks can become PSPs themselves. While leaving the handling of the money to the banks, Ginger does not compete with its clients.

This acquisition strengthens Ximedes' ability to deliver end-to-end solutions to financial institutions (FIs) by combining a SaaS-based payment solution with its existing software development capabilities. The deal comes as eCommerce transaction volumes continue their robust growth following global lockdowns, placing more pressure on FIs to deliver a better customer experience through integrated payment solutions.