This role is another significant move in supporting the drive out of its international expansion. Based Melbourne, Victoria, Duncan’s role is to support Tuxedo’s international growth plans in the Asia Pacific region, a key market for prepaid and electronic payments. 

This appointment represents the latest move in the aggressive international expansion strategy and comes hot on the heels of deals with GPS in the Middle East and i2C in the USA. With this appointment, Tuxedo will build on its presence in Australia following the launch of its payment platform in the region last year and its noted expertise in travel currency cards.

John Sharman CEO of Tuxedo Payment Solutions said: “Duncan is a strategic hire for the company and will bring his wealth of experience to help drive up the business in the region. Australia is a key market for the prepaid sector, particularly in the travel market, where according to a recent RFi study, a quarter of Australians who travel overseas use prepaid for their travel money.”

Duncan Currie added: “The Australian market is significant in the prepaid market and has proven a test bed for new banking innovations. It is a market well suited to the further development of prepaid and alternative banking and I look forward to helping Tuxedo expand in this market.”

Duncan brings to Tuxedo more than ten years’ experience in the payments industry. Most recently, he was a Director with Visa managing the prepaid product suite for Australasia including travel, consumer, commercial and government. Previous to that he was with ANZ in Australia and New Zealand.