Direct bank payment solutions FinTech GoCardless has appointed Paul Stoddart as president

Stoddart joins from Mastercard, where he was president of its new payment platforms, executive chairman of Vocalink – acquired by Mastercard – and a member of the Mastercard management committee. 

In his new role at GoCardless he will have global responsibility for the go-to-market organisation including the strategy, sales, product, marketing and customer teams, with a view to accelerating growth.

Prior to Vocalink he was co-head of corporate finance at Barclaycard. He also spent 10 years at NatWest where he held a number of senior roles including in its merchant acquiring and eCommerce business Worldpay.

GoCardless says it will benefit from Stoddart’s expertise as it doubles down on account-to-account payments, with plans to release its variable recurring payment feature shortly in the UK and expand Instant Bank Pay, its solution for one-off payments, across Europe.

“This year marks an inflection point at GoCardless as we expand beyond recurring payments to serve a broader range of customer segments and payment use cases,” said Hiroki Takeuchi, co-founder and CEO at GoCardless. 

“Having the right people to lead us on this journey is critical as we scale our business, develop new products and services with open banking, and explore new markets. Paul has a unique depth of experience across both card and non-card payments and is well-positioned to help us seize the opportunities that will make GoCardless a force to be reckoned with in the payments space.”

Induction Healthcare leader to stand down

Stoddart said: “GoCardless is in an incredibly exciting place right now. Hiroki and the team have already built a successful business by solving real customer problems. They have the foundations of a global bank pay network that will go from strength to strength as more businesses and people embrace account-to-account payments from bank debit to open banking-enabled payments. 

“We will continue to push the boundaries of what’s possible in payments. In this new role at GoCardless I’ll have the opportunity to be part of the team building the new generation of payment solutions to do just that, with customer needs at the forefront.”