Transact365, a UK-headquartered global payments platform powering merchants in emerging markets, has appointed David Lambert as its new Chief Executive Officer.
An original co-founder and former Commercial Director at Transact365, Lambert will be responsible for overseeing the Fintech firm’s expanding merchant client base and card schemes.
He will also work cooperatively with the rest of the senior management team in order to expand the business into various other markets and take advantage of strategic opportunities in the fast-evolving payments sector.
Transact365 is an international payments platform powering merchants across the globe in major industries. With offices based in the United Kingdom and Singapore, Transact365 now works with more than 800 merchants to access digital commerce opportunities in five continents via local payment processing services.
Lambert’s appointment has been made after a period of market expansion.
This year, Transact365 introduced its payment services in India and Latin America, complementing its presence in Asia, Europe and Australian markets.
Lambert co-founded Transact365 back in 2017 in the United Kingdom along with current CFO Sophie Flynn, CTO Jurijs Borovojs, COO Liam Fernandez, and former CEO Dan Fernandez. As part of Lambert’s appointment, Dan Fernandez will be focusing on strategic business opportunities.
“2022 has been a strong year for us so far, and we have more exciting announcements to come. We’re witnessing increasing demand from merchants for our services and we are continuously expanding as a result. The payments industry is competitive. Since our inception five years ago, our team has worked hard to build a platform that is industry leading in supporting our merchants while delivering a seamless solution. I’m proud to take on the role of CEO and work alongside the management team to achieve our growth objectives for this year and beyond.”
As covered in February 2022, UK Fintech Transact365 had introduced its payments platform in Latin America, a move the firm said makes it one of the LatAm area’s biggest alternative finance platforms.
The move allows for cross-border and local digital commerce transactions using local payment methods such as PIX and Boleto, letting clients perform online transfers and giving merchants access to them.
The launch has come after Transact365’s rollout this past month of cross-border payments in Indian markets. That particular solution lets merchants gain access to Indian markets without entering domestic payment partnerships or forming a company