PaySec announces Koen Vanpraet as new CEO to lead global expansion

Asian payments specialist PaySec has announced global payment expert Koen Vanpraet as its new CEO as it embarks upon significant global expansion.

An accomplished and results-driven leader, Koen will build PaySec further beyond its Asian borders, bringing its robust payments technology to new international markets. PaySec provides customers with reliable, secure payment solutions in multiple regions across Asia, processing CUP, THB, MYR and IDR solutions with further expansion to include India and beyond.

Formerly Chief Commercial Officer at Credorax, and previously at GlobalCollect (now Ingenico ePayments), Koen has transformed and grown both organisations across borders, leading and building multi-cultural, cross-functional teams that understand how to grow merchant processing. Koen will be speaking at PayExpo Europe 2017 in London on 4th October to discuss Instant Payments: How local knowledge applies to a global trend.

“The fabric of modern payments is inherently international,” said Koen, “and our challenge at PaySec is to weave together our knowledge from hard-to-reach Asian institutions with relevant payment methods across new territories. Instant payments is something we are all becoming accustomed to, no matter where the customer or the merchant is based. Ultimately our role as a payment leader is to work internationally to combine global and local knowledge to create great products for the end consumer, thereby boosting merchant revenue.

“I am very excited to join PaySec. The company has been very successful in tackling a challenging yet very rewarding Asian payment landscape and we all feel it is now time to export that proven track record and high focus on client relationships across additional regions including EMEA, Latin America and, ultimately, the US. I will be working closely with the experienced and established executive team to combine our existing payment and processing solutions with additional in-house and third party solutions. This will enable us to become a global PSP brand offering a vast and extensive portfolio of products, services and professional relationships.”

PaySec is a dynamic company with an established reputation in the payments industry. The company was founded in 2014 and quickly established crucial relationships with Asian institutions, particularly in China, Thailand and Indonesia. The company is dedicated to offering the best technology for its merchants and aggregates the most relevant payment methods in any given territory to maximise success for its merchants.

PaySec is part of the Sappaya group of companies. Sappaya is the synergy created by a network of payment service providers that combine to build a payments ecosystem encompassing a spectrum of payment services providers across the globe. Individually dynamic; combined they constitute a formidable network of solutions.