Peter Cox has been appointed non-executive chairman and has acquired a substantial shareholding in Prepay Services Ltd, a recently incorporated FinTech.

Cox brings more than 40 years of success and experience in payments and financial technology. He launched ClubCard with Tesco and assisted in the creation of Nectar under ID Data, then founded Contis in 2008 and developed the company into one of Europe’s leading Banking-as-a-Service and payments platforms. Contis was acquired for a significant sum by Solarisbank in 2021.

Since then he has been a serial investor in a number of regulated financial services companies including Capitalise.com and driven their move to profitability and market dominance.

His appointment reinforces Prepay Services’ commitment to strong governance, responsible innovation, regulatory compliance and the highest standards of customer protection as the business expands across Southern Africa and the wider African market.