New vice chair to join at moneycorp

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • David Yates is set to take on the senior position at the online money transfer fintech firm, where he will be responsible for opening up new business leads for the company.
  • He has previously worked at firms such as Mastercard.
  • In a statement, he said that he was excited to join the company at this time – and that he would be helping to ensure that it was able to assume a role as a worldwide business.

International money transfers fintech firm moneycorp has announced that it will be appointing a leading figure from the sector as its new vice chair.

David Yates will be taking on a number of specific responsibilities once appointed.

He will, for example, be involved in finding new business opportunities for the firm.

He previously served as president of New Payment Platforms at the international financial services firm Mastercard.

He has also worked at Western Union as president.
He also spent time at the real-time payments company Vocalink, where he helped the firm move over from a utility provider to a full-on payments technology company.

In a statement, he said that he was looking forward to joining the company during a period of positive change for it.

He added that he was hoping to help moneycorp assume its desired position as a “truly global” organisation.

“I’m excited to join moneycorp at a time when it’s poised to lead a major shift in international digital banking and payments,” he explained.

“moneycorp’s ambition to become a truly global entity is exciting to me and is a natural fit for my experience. I look forward to working with a dynamic and driven team to further enhance moneycorp’s multi-currency capabilities, to reach new and underserved customers,” he said.

The chief executive officer of the firm was also positive about the development and the company’s prospects with Yates involved.

Mark Horgan also pointed out that moneycorp was on a journey with “exciting” work currently underway.

“We are thrilled to welcome David to our Board at an exciting time in moneycorp’s evolution, and look forward to the insights he will bring,” he said.

He also praised Yates for his efforts and achievement at his previous companies.

“As a recognised 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,” he said.

moneycorp is a big name on the cross-border payments scene at the moment.

It currently only works in a small handful of markets, though these are some of the most popular in the world when it comes to money transfers.

They are also dotted across the world and include Canada in North America, Brazil in South America and Hong Kong in Asia.

Are you shopping around for the best deal on your online money transfer? If so, our reviews page can point you in the direction of some of the best providers available on the market.


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