Moran will be responsible for driving Yoyo’s commercial ambitions forward, growing Yoyo’s presence on the UK high street, as well as continuing the company’s rapid growth in the Business & Industry and Education sectors.

He said of the move:
“I am tremendously excited and honoured to be joining the dynamic team here at Yoyo.

“Yoyo’s products and technology have the potential to revolutionise the high-street payment and loyalty experience for both retailers and customers, and I am very much looking forward to accelerating growth following Yoyo’s recent impressive successes with Caffe Nero and other key brand partnerships.”

Moran has been active in the payments and Fintech space since 2000, having previously worked at Visa and American Express, before joining PayPal in 2008, where he was a key member of the UK Senior Leadership Team.

Alain Falys, Co-Founder and CEO of Yoyo, said of the hire:
“We’re delighted to have Simon on board. Whilst we’ve recently seen our 10 millionth transaction, there’s a still a huge amount of growth to be done, and I have no doubt Simon’s experience and leadership will propel us forward.

“Simon will form an integral part of Yoyo’s leadership team and will lead our commercial growth across the company.”