Opayo (Sage Pay)
“How much of the legacy UK Sage Pay gateway base can Elavon convert to full-stack U.S. Bancorp acquiring?”
Founded2001
HQLondon, United Kingdom (registered office: Newcastle upon Tyne)
IndustryInfrastructure / Payments
The story
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.
Product timeline
2001
Founded as Protx, a UK online payment gateway.· launch
2006
Acquired by Sage Group and rebranded as Sage Pay.· acquisition
2020
Sage Pay's UK and Ireland business acquired by Elavon (U.S. Bancorp subsidiary) and rebranded as Opayo.· acquisition
2022
Legal entity change from Opayo to Elavon in June 2022.· pivot
2023
Opayo website begins redirecting to elavon.co.uk; Opayo becomes a product brand within Elavon (gateway + POS).· pivot
Regulated entities
1
regulatory licence held by Opayo (Sage Pay)
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Opayo (Sage Pay)’s embedded-finance stack
Payments / PSP
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: minor
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.