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The Payments Association advisor and MD of Global Processing Services named first European winner of prestigious Paybefore Industry Achiever Award

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2017 Pay Awards recognise Suresh Vaghjiani, MD of GPS and Payments Association Advisory Board member, for pioneering PayTech innovation

London, UK. Suresh Vaghjiani, Managing Director of Global Processing Services (GPS) Ltd. and elected The Payments Association (Payments Association) Advisory Board member, has been announced as the first European recipient of the Paybefore Industry Achiever Award in the 2017 Pay Awards.

GPS, founded nine years ago, was initially an underdog in global payments but has since become the largest prepaid provider in Europe, with clients across Australia, the Middle East and Asia. The company has also just signed with the largest programme manager in the United States, taking GPS technology truly global.

The award judging panel, made up of past winners including Jeremy Kuiper from The Bancorp, Judie Rinearson from K&L Gates and Stefan Happ from American Express, chose Suresh as a winner for his leadership within his own business and beyond.

Loraine DeBonis, Editor-in-Chief of Paybefore commented: “This award is given to individuals who have worked tirelessly to advance the prepaid and emerging payments industry. Suresh has pioneered many firsts in the industry, including the first contactless prepaid card in the UK and Germany, the first contactless wristwatch in the UK and the first App-controlled NFC solution for iPhone in Europe. Suresh is passionate about encouraging diversity in the burgeoning PayTech industry and with his tireless work alongside associations educating regulators and other stakeholders, Suresh exemplifies what this award is all about.”

Tony Craddock, Director General of the Payments Association, added: “GPS is the best kept secret in the industry, processing payments for the likes of Starling Bank, Revolut, Monzo, Curve and Kerv Wearables. Suresh is an innovator with a track record of supporting the industry as project mentor of the The Payments Association’s International Trade project and is someone who regularly engages with regulators and policymakers, recently leading a fintech mission to Mexico on behalf of the UK government.

Suresh Vaghjiani concluded: “It’s an honour to be recognised by my peers at the Pay Awards 2017 and in particular to be the first to take this within the borders of Europe. I hope this achievement helps raise international awareness of the fantastic innovations taking place across the continent – something I am pleased to promote with my esteemed colleagues at the The Payments Association.”

About the The Payments Association
The Payments Association is a community comprising the UK’s most progressive and collaborative payments companies. The Payments Association helps them influence the payments landscape and collaborate with those operating in it, whether they are buyers, sellers or partners. Operating since 2004, the Payments Association now has over 110 member companies, has the support of UK government agencies, and regularly communicates with regulatory bodies to help advance payments innovation. The Payments Association is led by an independent Advisory Board and has the support of benefactors such as Mastercard and Kompli Global.

For more information about the Payments Association please go to www.emergingpayments.org
Twitter: @Payments Associationssoc

About Global Processing Services (GPS)
Global Processing Services (GPS) is a global Mastercard- and Visa-accredited processor, focusing principally on prepaid and Debit. Built from the ground up, GPS launched in 2007 and is tailored to the functionality of prepaid programs. The platform was founded on robustness and business continuity with uptime and volume handling as critical. Control is moved to the program managers with a flexible and configurable hierarchy for control of card usage, limits and fees. By using an open architecture with extensive APIs, the core application can support seamless integration with other GPS modules and third-party systems, giving clients real-time access to a range of channels and interfaces. This approach also facilitates the rapid deployment of technology and updates. The application is highly scalable while maintaining PCI-DSS level-1 security standards and can process in over 150 currencies globally.

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