02 Mar

Optal Financial appoints Andy Downes as General Manager

  • Posted by Optal

London, 1 March 2016:  Optal Financial Limited, one of Europe’s leading virtual card issuers, has appointed Andy Downes as General Manager, effective immediately.  Andy is based in Optal’s London office and will focus on driving the growth of Optal’s business in Europe.

Andy is a highly experienced banking and payments executive and joins Optal from Raphael’s Bank, where he held the role of General Manager, responsible for the Payment Services Division.  At Raphaels, Andy worked closely with clients such as Access Prepaid, Think Money and UK Post Office on structuring and introducing new payments products.

Managing Director of Optal Limited, Rob Bishop, said, “Optal is enjoying phenomenal growth in our business and we have expanded our team accordingly.  Andy will play a key role in managing our UK based team and working with clients requiring more efficient business-to-business payment solutions.”

Optal Financial General Manager, Andy Downes, said “I am delighted to be joining Optal.  The success they’ve achieved in disrupting B2B payments and growing globally has been remarkable. I’m excited to help Optal bring their capabilities to new clients and industry verticals.”

Optal Financial’s MasterCard virtual account numbers (VANs) are currently issued in 31 currencies and can be used by clients in over 70 countries worldwide.


About Optal

Optal is re-inventing how payment processes work across complex industries.  By stripping payment processes of their customary inefficiency, we help companies boost profitability across a growing number of sectors around the world.

As a long term strategic partner and a principal member of MasterCard in the UK and Hong Kong, Optal issues and acquires MasterCard branded payment products, driving its focus on developing and bringing to market game-changing payment solutions.

Optal holds a 23.5% interest in eNett International, a specialist global travel payments company, and is its primary issuer of virtual credit cards.

For more information about Optal, visit www.optal.com

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Regulatory Information

Optal Limited is registered in England & Wales No. 5531282. 17 Moorgate, London, EC2R 6AR.

Optal Financial Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Register Number: 900112) for the issuing of electronic money.

Optal Asia Limited is licensed in Hong Kong as Stored Value Facility Issuer (Licence number SVF0006), regulated by the Hong Kong Monetary Authority.

Invapay Payment Solutions Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009 (Register Number: 631411) for the provision of payment services.

Optal Financial Limited, Optal Asia Limited and Invapay Payment Solutions Limited are wholly owned subsidiaries of Optal Limited.

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