Latest news with #PPRO
Finextra
07-07-2025
- Business
- Finextra
PPRO appoints Michelle Eischeid as CFO
PPRO, the leading local payments platform, has announced the appointment of Michelle Eischeid as Chief Financial Officer (CFO). 0 In her role, Michelle will spearhead PPRO's global financial strategy, financial planning and operations, and investor relations, as the company continues to scale its platform and expand its international reach. Michelle brings over two decades of experience across financial leadership roles in global payments, banking technology, and fintech. She most recently served as Interim Group CFO at Planet, where she was also SVP - Commercial Finance and Deputy CFO. There, she led strategic initiatives focused on revenue growth and margin enhancement. Prior to that, Michelle was in the leadership team at FIS, including Divisional CFO for Wealth Retirement and International Banking & Payments. She managed a $1.5 billion P&L and led global teams across the US, LATAM, Europe, and Asia. Her earlier career includes executive roles at Worldpay, where she oversaw global pricing strategy for the eCommerce business and supported product expansion into new markets. Michelle's breadth of experience in financial transformation, commercial optimisation, and business partnering further reinforces PPRO's commitment to building a scalable, performance-led organisation. Upon joining PPRO, Michelle Eischeid said, "PPRO is a respected and enviable force at the centre of the local payments ecosystem. I'm looking forward to partnering with Motie and the leadership team as we chart the next phase of PPRO's growth. I look forward to helping deepen our customer relationships, strengthen our financial operations, and support the business in achieving its global ambitions." Commenting on Michelle's appointment, Motie Bring, CEO at PPRO, stated, "Michelle brings an exceptional mix of financial, strategic, and commercial experience to PPRO. Her leadership will be instrumental in helping us scale responsibly while delivering strong value for our customers, partners and investors. We are excited to welcome her to the team."
Yahoo
18-06-2025
- Business
- Yahoo
PPRO integrates Pix Automático for recurring payments in Brazil
Payments platform PPRO has integrated Pix Automático into its services, aligning with the Central Bank of Brazil's official deployment. This enhancement to Brazil's instant payment system, Pix, aims to streamline recurring transactions for consumers. Pix Automático, a development by the Central Bank of Brazil, enables consumers to set up recurring payments for services such as subscriptions, utilities, and memberships with one-time authorisation. The service targets Brazilians lacking access to credit cards, as it provides an alternative means to engage with recurring payment models. For merchants and payment service providers (PSPs), PPRO's platform now includes a sandbox and documentation for Pix Automático, allowing them to offer Brazil's preferred instant payment method with added functionality for recurring payments. The move aims to support improved conversion and retention rates by minimising payment declines and reducing subscriber turnover. PPRO's platform also offers a plug-and-play feature, which is expected to provide expedited access to Brazil's Pix user base. PPRO CEO Motie Bring said: 'Recurring payments are a powerful engine for growth and Pix Automático is set to transform how consumers in Brazil engage with subscriptions and other repeat services. Our mission is to help PSPs and merchants tap into local payment preferences with ease, and Pix Automático is another key step in delivering on that promise.' This development follows PPRO's earlier launch of a Subscriptions for Local Payments solution. In February, PPRO secured principal membership with the European Payments Initiative (EPI) for Wero. PPRO's EPI membership is set to offer clients multiple access points to Wero, including sponsored associate membership, payment facilitator access, or as a technical gateway. "PPRO integrates Pix Automático for recurring payments in Brazil " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Finextra
16-06-2025
- Business
- Finextra
PPRO adds Pix Automático to paymens platform
PPRO, the leading local payments platform, today announced the launch of Pix Automático on the PPRO platform, on day one of the Central Bank of Brazil's live rollout. 0 This newest enhancement to Brazil's instant payment system, Pix, offers consumers an effortless and cost-effective way to manage recurring payments, by enabling seamless cross-regional recurring transactions. Pix Automático, developed by the Central Bank of Brazil, allows consumers to authorise recurring payments such as subscriptions, utilities, and memberships with a single upfront consent. This eliminates the need for manual approvals with each transaction, reducing friction and improving retention in the payment journey. Additionally, it provides the 60 million Brazilians without credit cards to access these services, significantly boosting financial inclusion across the country. With a sandbox and documentation for Pix Automático available through PPRO, merchants and Payment Service Providers (PSPs) can benefit from: ● Access to Brazil's preferred instant payment method - now with recurring capabilities. ● Optimised conversion and retention - frictionless recurring flows reduce payment declines and subscriber churn. ● Faster time to market - plug-and-play functionality via PPRO's platform accelerates access to Brazil's 174m+ Pix users. ● Trusted infrastructure and local expertise - built on the same local payments backbone trusted by leading global brands. 'Recurring payments are a powerful engine for growth and Pix Automático is set to transform how consumers in Brazil engage with subscriptions and other repeat services,' said Motie Bring, CEO at PPRO. 'Our mission is to help PSPs and merchants tap into local payment preferences with ease, and Pix Automático is another key step in delivering on that promise.' This rollout builds on the success of PPRO's Subscriptions for Local Payments solution launched earlier this year, reaffirming the company's commitment to enabling smarter local payment experiences across high-growth markets.
Finextra
30-05-2025
- Business
- Finextra
PPRO launches subscriptions for local payments
PPRO, the leading local payments platform, today announced the launch of Subscriptions for Local Payments. 0 The dedicated solution empowers Payment Service Providers (PSPs) and merchants operating in the subscription economy to accelerate growth through optimised local payment strategies. The new solution enables customers to optimise their payments strategy and checkout journeys through dedicated access to functionality that drives incremental revenue by expanding access to local consumers, increasing loyalty, and reducing cost to create and manage an optimised payment experience. Through Subscriptions for Local Payments, businesses can access: • The payment methods that matter in the subscription economy - local payment methods and local cards such as Twint and Bancontact with native recurring functionality. • PPRO-signature recurring enhancements - PPRO's advanced platform capabilities elevate schemes that don't offer native recurring, enhancing the functionality to become subscription-ready. • Feature flows fit for the subscription economy - Dedicated features help cut down on free trial abuse, reduce payment declines, allow flexible billing, make onboarding friction-free, and more. • Dedicated subscription expertise - focused on maximising conversion rates and minimising drop-offs, the PPRO team's deep local payments expertise serves as dedicated support to subscription customers. Motie Bring, PPRO CEO, said 'With the subscription economy projected to be worth almost $1 trillion by 2028, the opportunities and competition are rapidly intensifying for businesses operating subscription models. Local payments are central to capturing this growth, helping merchants and PSPs reach more customers and stay competitive in a growing market." With a growing number of consumers choosing to pay local, accessing some of the world's largest ecommerce markets means understanding and optimising recurring local payments, from local cards to local schemes. For subscription-based businesses, offering the right payment method at checkout, and the right features in place to optimise conversion and recurring payments, are critical to success for sustained growth and retaining a competitive edge.
Zawya
22-05-2025
- Business
- Zawya
South Africa: Strategic push for pan-African payment solutions as Onafriq appoints new executive
Africa's digital payments network, Onafriq has announced the appointment of Simon Black as an independent non-executive director on the Board of Directors of its holding company, Onafriq UK Holdings Limited, effective immediately. A highly respected leader in the global fintech ecosystem, Black brings over three decades of experience building and scaling payments and technology platforms to support Onafriq's next phase of growth. Black has earned industry-wide recognition for transforming high-potential fintech and software businesses into market leaders. During his tenure as chief executive officer of PPRO from 2015 to 2023, he steered the German-based payments infrastructure provider from an emerging start-up to a formidable global player, driving revenue growth beyond €100m while expanding the team to more than 500 professionals across many markets. Previously, as chief executive officer of Sage Pay, Black orchestrated tenfold revenue growth, establishing the company as a leading force in SME e-commerce payments. Guiding transformational growth Black's appointment underscores Onafriq's commitment to assembling world-class leadership capable of propelling the company's infrastructure across Africa and beyond. His global perspective and proven success in forging partnerships with industry giants will prove invaluable as Onafriq cements its position as the definitive network of networks for African payments. Black's appointment comes at a transformative moment in Onafriq's journey, said Dare Okoudjou, founder and chief executive officer of Onafriq. "To fulfil our mission of making borders matter less across Africa, we must build upon strong foundations to create an even more resilient and innovative business. Black's exceptional track record of scaling fintech leaders and navigating complexity makes him the ideal chair to guide this next phase." His strategic expertise will be instrumental as we strengthen our position as Africa's payments infrastructure backbone and accelerate financial inclusion throughout the continent. As Chair, Black will work closely with Okoudjou, the executive team, Board, and the shareholder base to provide strategic guidance, focusing on cross-border scale, global partnerships, and long-term value creation. 'Joining Onafriq is not only a professional privilege, but a personal commitment to a mission I deeply believe in,' said Black. The company has built what is arguably the most extensive and sophisticated digital payments infrastructure on the continent—connecting over 500 million wallets and 200 million bank accounts across 42 African markets. "That scale, combined with a deep understanding of local markets, uniquely positions Onafriq to solve the continent's most pressing payment challenges. I'm excited to support the team in shaping the future of cross-border finance in Africa and enabling seamless commerce at a scale the world hasn't seen before."
