Youtap Appoints Singapore Based Ray Ferguson as Chairman of Its Board of the Directors

SINGAPORE, Feb. 5, 2018 /PRNewswire/ -- Youtap Limited announces the appointment of Ray Ferguson as Chairman of the Board of Directors, effective from January 2^nd 2018.

Ray Ferguson is replacing Rod Olsen who has served as the company's Chairman since its formation. Chris Jones, Founder and Chief Executive of Youtap thanked Rod Olsen for his dedication and service to the company stating, "Rod has contributed enormously to Youtap, and the Company is well placed given his guidance and contribution to build on its momentum and execute on its business plan for 2018 and beyond. I warmly welcome Ray to the Youtap team."

This appointment follows the opening of the Youtap Singapore Corporate Headquarters. Also based in Singapore, Mr. Ferguson has a wealth of experience in the finance sector in Asia and the Middle East. He spent almost 20 years in senior roles at Standard Chartered Bank including CEO in Taiwan, Indonesia, the United Arab Emirates, the Americas and Singapore. He was also Group Chief Banking Officer at Arab Banking Corporation in Bahrain.

Mr. Ferguson is currently Chairman of Singapore Life and the Founding Partner of Caber Partners, a Singapore based fund manager and advisory firm that focuses exclusively on the intersection of finance and technology. Caber Partners, invests and advises innovative companies seeking to disrupt the financial industry and make an impact at a global level. Mr. Ferguson's appointment to the Youtap Board has been designed as part of the next phase of growth for Youtap.

Chris Jones said, "Ray has an exemplary record in the financial services sector, and his experience and relationships across multiple markets will serve us well as we enter the next phase of our growth."

Mr. Ferguson was excited about the opportunity to work with Youtap saying, "I am excited about this opportunity to join Youtap at this pivotal time in our journey. Youtap has a clear strategy with global capabilities, a highly competitive and flexible technology stack, and has a strong executive team led by Chris Jones. I am looking forward to contributing to future success."

Mr. Olsen will continue to be available to the Youtap Board in an advisory capacity.

About Youtap (www.youtap.com)

Youtap is a leading mobile financial services company specialising in mobile money payments and financial services in EMEA & Asia.

Youtap provides contactless mobile payments and financial services software enabling mobile money and stored value wallet customers to tap and pay at any point of sale using any device. Youtap's secure NFC and QR code solutions support payment acceptance for contactless NFC tags, wearables, and NFC phones. Youtap supports MNOs and MFS providers by incorporating loyalty programs and other responsive functionalities that benefit both consumers and merchants, and provides a range of mobile lending, insurance, and micro credit services.

Youtap on Linkedin: https://www.linkedin.com/company/youtap-limited
Youtap on Twitter: https://twitter.com/youtap2pay

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SOURCE Youtap

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