Ixaris specializes in the development of global applications based on open-loop (VISA and MasterCard) prepaid card schemes. The company develops technology that empowers its customers to benefit from 'perfect fit' payment applications and solutions that are easy and economical to-set up and run. Ixaris incorporates two separate divisions, Ixaris Solutions and Ixaris Technologies.On June 7th, 2021, Ixaris was acquired by Nium. The terms of the transaction were not disclosed.