“How much of the legacy UK Sage Pay gateway base can Elavon convert to full-stack U.S. Bancorp acquiring?”
Founded 2001 as Protx, a UK-focused online payment gateway. Acquired by Sage Group in 2006 and rebranded Sage Pay, becoming one of the UK's largest independent gateways. Sold to Elavon (U.S. Bancorp) in 2020 and rebranded Opayo. Since 2022–2023, Opayo has been absorbed into the Elavon brand — it now exists only as a product name for the ecommerce gateway and POS terminals sold by U.S. Bank Europe DAC / Elavon Merchant Services. Remains a multi-acquirer gateway for merchants who use non-Elavon acquirers.
Opayo (Sage Pay) discloses U.S. Bank Europe DAC as its sponsor bank, according to the Embedded Finance Index 2026.
Opayo (Sage Pay) does not disclose a bank charter of its own; its banking services are provided through U.S. Bank Europe DAC.
Opayo (Sage Pay) processes payments through Opayo Gateway (self-operated), Elavon and global payments.
Opayo (Sage Pay) integrates with Sage.
The Embedded Finance Index 2026 maps 3 layers in Opayo (Sage Pay)'s stack: Payments / PSP (Opayo Gateway (self-operated), Elavon and global payments); Sponsor bank (U.S. Bank Europe DAC); Accounting (Sage).
Opayo (Sage Pay) is founded in 2001 and headquartered in London, United Kingdom (registered office: Newcastle upon Tyne).
Get a read on where your own stack stands against Opayo (Sage Pay) and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.