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Hyperwallet Hires Ex-PayPal Exec Amid Expansion into Asia Pacific Region

March 22, 2017         By: Mike Dautner

Hyperwallet needs no introduction at this point considering the amount of times it appears in the news of payments.

The company is excited to reveal that it has hired a Sydney-based Managing Director to target ecommerce and gig economy businesses in the Asia Pacific region.

Simon Banks had previously retained the role of head of PayPal’s Australian Merchant Services business, and he has been chosen to helm the regional initiative as Managing Director and SVP of Asia Pacific.

Banks has an impressive background in the industry, having previously held senior management roles and Asia Pacific roles at disruptive companies such as Salesforce.com, Travelex, Siebel, and Oracle. Before joining the ranks at Hyperwallet, Banks served as Director of Merchant Services for PayPal Australia.

A thought leader in the ecommerce industry, Banks’ understanding of mobile and digital commerce will aid in shaping Hyperwallet’s approach in Australia and beyond.

“Australia and Asia Pacific are punching above their weight when it comes to creating innovative two-sided marketplaces,” Banks explained. “Seeing them succeed on an international scale has always been very important to me. Hyperwallet is an ideal global fintech partner for these organizations; our APIs are capable of unlocking a fast, secure, and compliant supply-side payment network for marketplaces of all shapes and sizes. That’s something I’m very excited to share.”

With a substantial presence in Sydney, Hyperwallet, which recently announced its expansion to Europe in January is rapidly gaining traction on the international scale.

“The appeal of independent contracting, freelancing, selling, and gigging knows no borders,” explained Brent Warrington, Hyperwallet’s CEO. “Fortunately, neither does Hyperwallet. As a global platform, we’re committed to knocking down the barriers to cross-border payments and bringing our technology to marketplaces everywhere.”