Former NatWest executive Ian Povey has been appointed board chair at Paypa Plane, an Australian fintech that provides infrastructure for businesses to manage variable recurring payments.
Commenting on his addition to the board, Povey says he was drawn to the company’s “focus on the trust layer of payments”, and will work to “rethink how payment permissions are established, managed, and governed”.
Povey previously worked at NatWest for seven years as chief information officer of group payments technology. This followed stints at PayPal, Commonwealth Bank of Australia, and ANZ.
He also brings previous board experience from Icon Solutions, The Payments Association, the New Payments Platform in Australia, Charities Trust, and the global board of directors at Swift.
Paypa Plane is an accredited participant of the New Payments Platform, which is used to power the company’s PayTo solution for merchant account-to-account payments.
PayTo operates alongside Paypa Plane’s flagship product, Smart Payment Agreements, which provides an overlay service to manage customer consent, scheduling, and transaction execution for recurring payments.
Based in Brisbane, Paypa Plane was created by CEO Simone Joyce in 2018. Current backers include the Queensland Investment Corporation, Mastercard, Cuscal, Sprint Ventures, Commonwealth Bank of Australia, and Tyro Payments.