Paxum Owner Octav Moise Set to Retire From Industry; Sells Brand

MONTREAL—After almost 16 years, Paxum Inc. CEO and owner Octav Moise has made the decision to sell the payment processing firm and its assets and is retiring from the industry.

“It has been both a privilege and a pleasure to lead the development of Paxum into one of the premier global payment platforms,” Moise said. “I have truly enjoyed working with so many talented and devoted colleagues, and building long-term relationships with our clients. I am proud of our many accomplishments and I look forward to making a smooth transition with as little disruption as possible to the positive momentum that Paxum has established.”

The serial entrepreneur has built, managed and owned many successful businesses during his career, and he is now pursuing business in the renewable energies field.

“I know I’ve made a difference with Paxum, and I’m satisfied I’m leaving Paxum in capable hands moving forward,” Moise continued. “In fact, I’d like to take this moment to acknowledge and thank my many friends, clients, colleagues and the entire industry for all the support and memorable moments we’ve enjoyed together over the years. I’m excited for my future projects, and I hope our paths will cross again!”