Moneycorp Names Cross-Border Payments Pro David Yates Vice Chair

Global FinTech and payments group moneycorp has named cross-border payments specialist David Yates to serve as the company’s vice chairman.

Mark Horgan, CEO at moneycorp, said in a press release on Monday (April 12) that Yates will bring new insights as the company continues its evolution and cements its digital-first position. The company is on the expansion track, he added, and is growing and diversifying its products and services. 

Aside from offering a wide range of payments options, it also has grown its multi-currency services and “accounts and hedging products for SMEs, which provide access to better, cheaper and more flexible platforms,” Horgan said.

Yates previously served as president of new payments at Mastercard and was responsible for growing and advancing its global financial services business. He also directed digital growth at other big firms, including First Data (now Fiserv) and Western Union. 

He is expected to help drive moneycorp to the “forefront of innovation in digital payments,” to support acquiring and merchant banking.

“Our mission is to help our customers make more money through frictionless commerce. As a recognized thought leader in scheme, bank and off-net payments, David will help us unlock new opportunities, so we can help more customers to thrive in an increasingly global world,” Horgan said.

The FinTech also recently appointed Velizar Tarashev as CFO. He is expected to be a key player in ensuring moneycorp continues its track record of strong performance. 

Yates had a senior advisory role at Mastercard in 2019 where was tasked with driving strategies for real-time, national and cross-border payments. He also facilitated Mastercard’s acquisition of Vocalink.

Headquartered in London, Moneycorp expanded into Canada and set up offices in Toronto in July 2020. The company anticipates working with a wide variety of Canadian clients.