eCommerce

Hyperwallet Taps Ex PayPal Executive To Expand In Asia-Pacific

Hyperwallet, a global payouts provider to the digital marketplaces, announced Wednesday (March 22) it has hired a Sydney-based managing director to target eCommerce and gig economy businesses in the Asia-Pacific region.

In a press release, Hyperwallet said Simon Banks, who previously headed PayPal’s Australian Merchant Services business, will lead the regional initiative as managing director and senior vice president of Asia-Pacific. According to the company, Banks has extensive experience in senior management and Asia-Pacific roles at companies including Salesforce.com, Travelex, Siebel and Oracle. Prior to joining Hyperwallet, Banks served as director of merchant services for PayPal Australia. At Hyperwallet, he is expected to build out Hyperwallet’s Australian payments team over the coming months and will be responsible for leading expansion efforts in the region.

“Australia and Asia-Pacific are punching above their weight when it comes to creating innovative two-sided marketplaces,” Banks said in a press release. “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 representation in Sydney, Hyperwallet — which announced its European expansion and London office in January — said it is laying the groundwork for significant international growth.

“The appeal of independent contracting, freelancing, selling and gigging knows no borders,” explained Brent Warrington, Hyperwallet’s CEO, in the same press release. “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.”

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The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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