Paynetics appoints Andy Patton as its new Chief Commercial Officer

By Joy Dumasia

Paynetics, the regulated e-money services provider, has appointed the senior commercial and sales leader, Andy Patton, as its new Chief Commercial Officer.

At Paynetics, Andy will be responsible for developing and implementing breakthrough go-to-market strategies and accelerating growth. This comes when Paynetics is leading the charge in helping businesses digitise their payments by offering embedded payments, card acquiring, and many other payment solutions.

Andy has over three decades of experience in both blue-chip and scale-up businesses across payments, financial services, automotive, and telecommunications sectors. In his expansive career, he has helped transform many global organisations. He has scaled companies and delivered significant growth and value through ground-breaking customer-driven strategies, data leveraging, partnerships, and digital technologies.

Having also worked at American Express and Mastercard, he joins Paynetics from Nets-Nexi, where he led the go-to-market strategy for growing the company’s payment service provider (PSP) business in the DACH region.

Andy Patton, Chief Commercial Officer at Paynetics, said: “I am excited to be joining Paynetics at this pivotal point in the company’s development. The pandemic has really forced businesses to re-examine how they manage payments, encouraging them to turn to more efficient methods like embedded payments. Paynetics has enormous potential across the UK and Europe, as it allows any organisation to essentially become a FinTech. I look forward to working with the Paynetics team and our fantastic existing partners to take the company to new heights.”

Antonina Martinova, CEO at Paynetics, added: “We are thrilled to welcome Andy to the Paynetics team. He has an incredibly impressive background, having propelled both large and scale up entities to impressive levels of success. We look forward to working with him to develop our commercial strategy and new business partnerships.”