Paypa Plane beefs up its board ahead of its US push

  • By Zilla Efrat

Former New Payments Platform (NPP) Australia general counsel Vanessa Chapman has been appointed chair of Paypa Plane as the payments fintech strengthens its board ahead of its expansion into the United States.

Paypa Plane has also recruited two new directors, CBA executive general manager payments Ethan Teas and Tyro CEO Robbie Cooke. They join Paypa Plane founders and CEO Simone Joyce and CRO Jonathan Grant at the boardroom table. 

The appointments follow an investment by CBA in Paypa Plane in February ahead of PayTo going live in July this year.

Paypa Plane CEO Simone Joyce says the new directors will bring experience and vision for the future of the payments ecosystem in Australia and provide pivotal guidance as Paypa Plane’s 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,” says Joyce.

“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.”

As general counsel for NPP Australia, the operator of the NPP, Chapman 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,” says Chapman.

Elected as the shareholder appointed director for CBA, Teas has immense experience in understanding the payments ecosystem both in Australia and US.

Cooke, meanwhile, has led three ASX listed companies in a business career spanning more than 30 years. He’s been involved in scale-ups, listings and significant M&A actions in technology-enabled businesses. 

Founded in 2018, Paypa Plane is a bank-grade platform where traditional payments and new real-time and data enriched scheduled/recurring payments work alongside each other. Its white-label solutions are for banks and payment service providers looking to rapidly evolve their product offerings without changing their existing infrastructure.