Swiss Fintech Klarpay Appoints Markus Emödi as Chief Legal and Compliance Officer

Klarpay AG is pleased to announce the appointment of Markus Emödi as the Chief Legal & Compliance Officer and Deputy CEO.

With a track record of over 20 years in the financial industry, Markus reporttedly “brings a wealth of experience and expertise to Klarpay.”

Markus Emödi is “a legal professional who has dedicated his career to compliance and risk management within the financial sector.” His knowledge in regulatory areas “such as anti-money laundering (AML), securities law, asset management, and payment transactions make him an invaluable asset to the Klarpay team.”

In his new role as the Chief Legal & Compliance Officer, Markus will play “a key role in driving Klarpay’s operations forward and facilitating its continued growth trajectory.” He will be responsible “for overseeing and enhancing Klarpay’s legal and compliance functions.”

Martynas Bieliauskas, CEO of Klarpay AG, said:

“We are delighted to welcome Markus to the Klarpay team. His extensive experience in legal and compliance will be instrumental in strengthening our company’s position and supporting our strategic goals. Markus’s expertise will contribute to our ongoing commitment to providing secure and scalable payment solutions to our clients.”

Commenting on his appointment, Markus Emödi stated:

“I am honoured to be part of Klarpay’s team and to contribute to its continued success. I look forward to working closely with the team and leveraging my experience further to enhance the company’s legal and compliance functions.”

As covered recently, Klarpay AG is pleased to announce an enhancement to its services, allowing clients to create U.S. Dollar denominated Visa debit cards “linked to Corporate USD accounts.”

This offering aims “to improve the way Klarpay clients transact with popular services, which are often charged in USD, such as Google, Facebook, and Amazon Web Services, by eliminating FX costs.”

In response to the strong demand for USD-denominated cards, Klarpay has “recognized the growing need among advertising affiliates and media buyers who extensively utilise Google Ads or Facebook for their advertising campaigns.”

This increasing trend can “be attributed to various factors, including the prevalence of ad campaigns being denominated in USD.” By empowering Klarpay clients with USD-denominated Visa debit cards, the company aims “to meet their specific requirements and enhance their overall financial experience.”

The introduction of USD-denominated Visa debit cards “presents a significant advantage for Klarpay clients.”

Previously, when using their local currency for transactions “with popular U.S.-based companies, clients incurred FX costs, leading to additional expenses.”

However, with this new feature, Klarpay clients “can seamlessly spend USD with these renowned companies without the hassle of currency conversion fees, optimising their financial operations and boosting their transactions.”

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