Payments and fintech expert Andrew Mreana, most recently in charge of Growth at London-headquartered neobank Xoala, has joined VIP360 Payments as Head of Commercial Growth.

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New Role at VIP360 Payments

In his new position, Mreana focuses on commercial growth across banking, payments and global merchant operations. His mandate is to enable businesses manage payments by working with suitable partners and structures. He described the aim of the role as unlocking “real value” for merchants in how they handle banking and payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.

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“I'll be focusing on unlocking real value across banking, payments and global merchant operations,” Mreana said on Tuesday. “The goal remains simple: Help businesses navigate payments more efficiently, with the right partners and the right structure.”

Before joining VIP360 Payments, he served as Head of Growth at Xoala up to early this year in Limassol. Xoala provided banking and payments solutions, including global accounts, acquiring and multi-currency cards for businesses of various sizes.

VIP360 is a fintech platform that connects businesses with licensed providers of cross-border payments, FX, remittance and e-money solutions. It aims to enable them manage complex global payment flows in a compliant, scalable way. According to it website, it is owned and operated by Cyprus-based VIPTECH.

Earlier, Mreana worked as Head of Growth at Spotware Systems from 2023 to 2024 in Cyprus. Spotware is a technology provider in the fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term sector and is known for developing the cTrader trading platform.

Growth and Sales Background

Prior to these roles, Mreana held the position of Head of Sales at an FX and CFD broker in Cyprus from 2021 to 2023. In that job, he helped set up the company’s commercial infrastructure, built new partnerships and hired and trained a team of 17 people. He also contributed to the firm achieving its key performance targets during his tenure.

Last year, FDCTech, signed a non-binding letter of intent to acquire Xoala. The planned acquisition is valued at $6.75 million and is part of FDCTech’s effort to expand its regulated financial services presence in Europe and the UK.

Under the letter of intent, FDCTech plans to buy 100 percent of Xoala’s shares from Steven FS Limited in the UK, with the purchase price paid in five equal annual instalments of 1.35 million dollars between 2026 and 2030.