As a start-up organization, SlimPay has taken the lead in the market as the first Authorized Payment Institution approved by the Banque de France since the opening of the European market in 2010. SlimPay began operating its SaaS platform in September 2011, and will process more than €500 million by 2014. The SlimPay platform based on Axway FEX takes the burden and cost of compliance away from its customers by offering a mutualized service platform. “Our business is entirely dependent on the Axway solution. We have overcome some major challenges to achieve a quick, scalable, reliable and secure system through our use of Axway’s technology,” said Jean-Louis Hoenen, CTO at SlimPay.