Paypa Plane expands to US, appoints payments luminaries to board
Payments fintech Paypa Plane has appointed former New Payments Platform Australia general counsel Vanessa Chapman as chair of its board, with CBA EGM Payments Ethan Teas and Tyro CEO Robbie Cooke joining as directors ahead of an expansion of the business into the US. The new directors join Paypa Plane founders and CEO Simone Joyce and CRO Jonathan Grant on the board. The appointments follow an investment by Commonwealth Bank of Australia in the business, ahead of the turning on of PayTo in July this year, and with experience across the payments sector, will provide solid foundations for rapid growth across Australia and the US. CEO Simone Joyce said the new directors would bring experience and vision for the future of the payments ecosystem in Australia and provide pivotal guidance as Paypa Plane reach grows globally. “The payments ecosystem is at a critical moment not just in Australia, but also in the US, as we evolve toward real-time payments and we welcome our new chair and directors whose expertise will provide a stable support base for our operations team as we continue our rapid growth,” Ms Joyce said. “Their combined practical experience and involvement in the upgrade to the payments framework in Australia, will also ensure solid foundations and good governance remain a strength in the face of growth.” Incoming chair Vanessa Chapman was the General Counsel for NPP Australia Limited, the operator of the New Payments Platform, and was instrumental in developing the rules, constitution and participant engagement frameworks for both the platform and its PayTo service giving her a unique perspective to help drive Paypa Plane forward. “Paypa Plane is well positioned to accelerate the delivery of PayTo in Australia and co-create a payments ecosystem where both payers and businesses are participating equally,” Ms Chapman says. “I welcome the opportunity to guide at a board level their Australian and global expansion as payments rapidly evolve over the coming years.” Elected as the shareholder appointed director for CBA, EGM of Payments Ethan Teas has immense experience in understanding the payments ecosystem both in Australia and USA. CEO of Tyro Robbie Cooke has led 3 ASX listed companies in a business career spanning more than 30 years. He has traversed scale-ups, listings and significant M&A actions in technology enabled businesses delivering significant shareholder value. Board is being built to support company growth both in Australia and the US as well as ensure that solid foundations are laid and good governance remains a strength of the organisation in the face of that rapid growth.
Media Contact: Director Silkie Communications Melissa Mack +61430119951 mel@silkiecomms.com
About Paypa Plane Founded in 2018, Paypa Plane is the bank-grade platform where traditional payments (Direct Debit/ card) and new real time and data enriched scheduled/recurring payments work alongside each other. Our white-label solutions are for banks and PSPs looking to rapidly evolve their product offerings without changing their existing infrastructure - our systems simply ‘plug-in’ over the top- allowing for easy deployment and management.