Paysafecard founder Michael Müller becomes new member of the board of directors at Payrexx
Thun, January 26, 2023, There is growth on the Board of Directors at Payrexx, the Swiss payment service provider for SMEs. The current members have officially appointed Michael Müller as a new member of the Board of Directors as of December 2, 2022.
In addition to serving on the board of directors at Payrexx, Michael Müller is currently a partner at eQventure, Austria's largest investment company for start-ups. This company offers consulting services for the corporate and organizational development of start-up companies. He has had a profound connection to the payment industry through several advisory board mandates and investment projects in the DACH region for over 25 years.
After graduating as a business economist, Michael Müller worked for several years in corporate finance at UBS in Switzerland. From 2000 to 2014, he was co-founder and CEO of paysafecard in Vienna, the world's largest provider of prepaid payments on the Internet.
Michael has many years of experience in internationalization and scaling of financial institutions and knows the international payment market from the ground up. We are glad to have such an experienced strategist on board.
- Ivan Schmid, CEO of Payrexx
Michael Müller is the father of two teenage children. Born in Austria, he lives near Vienna. In his free time, the 50-year-old likes to be in nature, go on trips, visit exhibitions on various topics or enjoy time together with friends.
This is Payrexx
Payrexx was founded in Thun in 2015 and specializes as a payment institution in the processing of digital payment methods. As a registered payment facilitator of Mastercard and VISA, the Swiss company operates a self-developed payment platform. More than 40,000 customers across Europe process their payment transactions via the cloud-based platform. These range from regionally strong companies such as BKW, Swiss Youth Hostels and Swissmilk to large corporations such as SBB, Swiss Post and Swisscom.
The platform combines over 40 payment providers and more than 200 payment methods and currencies from all over the world via a single interface. Payrexx is the only provider in Switzerland to offer the payment methods TWINT, PostFinance, Mastercard, VISA, Samsung Pay, Google Pay and Apple Pay from a single source with an acceptance contract.
In a representative online merchant survey conducted by the Zurich University of Applied Sciences (ZHAW) and the Management Center Innsbruck (MCI), it was determined which payment service providers (PSP) the participating respondents use to process online transactions. Based on the evaluation of the data of all Swiss merchants, it was determined that 25% of all online stores choose and trust Payrexx as their PSP. This makes Payrexx the second most popular payment provider among Swiss online merchants. This ranking makes it clear that Payrexx, both with its offer as well as with its approach to work and communication, meets the needs and requirements that Swiss SMEs have and place on a payment provider to their complete satisfaction.
All Payrexx systems are designed with redundancy, guarantee the highest level of fail-safety and are certified according to the strictest PCI-DSS Level-1 guidelines.
