eCommerceNews UK - Technology news for digital commerce decision-makers
Story image
NexPay boosts global growth plans with key board appointments
Mon, 11th Dec 2023

Australian-founded global payment solutions platform NexPay, famed for its specialisation in secure, swift and efficient cross-border education payments and remittances, has announced the appointment of several significant roles on its board as it readies for the next phase of worldwide growth in the education industry. NexPay, which has aided over 100,000 students and education businesses across 200 countries in making payments close to $500 million, brings seasoned financial and technology veteran, David Johnstone, on board as Non-Executive Chair. It has also introduced Clive Wilson, a former senior banking executive with the Reserve Bank of Australia and with big four banking companies, to the newly created rank of Chief Risk & Governance Officer.

Since its advent in 2011, NexPay has emerged as a major global platform for payment solutions, specialising in secure, swift and cost-effective cross-border education payments and remittances. To date, it has assisted more than 100,000 students and education businesses around the world in making payments amounting close to $500 million. Additionally, it has enlisted Rajesh Yohannan, the current CEO of Axi Corp, as a Non-Executive Board Director.

NexPay's impressive 75% year-on-year growth in FY22/2023 has paved the way for these key executive board appointments, as the firm sets its sights on expanding into key international markets such as South East Asia, China, India, and Nepal in the year ahead. David Johnstone, who already chairs Envirosuite, brings to the table over 35 years of experience in financial services and emerging technologies. His experience encompasses extensive merger & acquisition and IPO experience in both the UK and Australia. His earlier tenures include roles at key firms such as Cooper Investors, Kepa Financial Services, GPS Wealth, Pacific Environment, and Centrepoint Alliance.

On his appointment, an honoured David Johnstone states: "The road ahead is laden with opportunities, and I am committed to steering NexPay towards a future of global recognition and enhanced service delivery." He believes joining NexPay at this critical point in its strong growth trajectory is particularly thrilling.

The CEO at NexPay, Piew Yap, also expressed admiration for Johnstone's appointment, remarking that welcoming a Chair of David's calibre and experience is a significant win for NexPay and a testament to our company's growth. Yap finds Johnstone's extensive expertise in funds management and listed entities to be a tremendous asset for NexPay as they now look to navigate an exciting journey of international expansion.

With risk and compliance counting as one of NexPay's key pillars, the appointment of Clive Wilson as Chief Risk & Governance Officer boosts their dedication to maintaining the highest standards of risk management and corporate governance, particularly as they look to venture into new, international markets.

The firm also takes pride in welcoming Rajesh Yohannan to the NexPay board. His leadership at Axi Corp has played a significant role in the company's considerable growth and market prominence. His in-depth understanding of financial markets and regulatory frameworks, coupled with his proven track record in leading high-growth financial enterprises, uniquely positions him to contribute to NexPay's plans for expansion into global markets, while simultaneously enhancing its digital payment solutions.