Payments and fintech specialist Andrew Mreana, most recentlyin charge of Growth at London-based neobank Xoala, has joined VIP360 Paymentsas Head of Commercial Growth.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)New Role at VIP360 PaymentsIn his new position, Mreana focuses on commercial growthacross banking, payments and global merchant operations. His mandate is to helpbusinesses manage payments more efficiently by working with suitable partnersand structures. He described the aim of the role as unlocking “real value” formerchants in how they handle banking and payments.Before joining VIP360 Payments, Mreana served as Head ofGrowth at Xoala between December 2024 and February 2026 in Limassol. Xoalaprovided banking and payments solutions, including global accounts, acquiringand multi-currency cards for businesses of various sizes.VIP360 is a fintech platform that connects high-revenue andregulated businesses with licensed providers of cross-border payments, FX,remittance and e-money solutions, helping them manage complex global paymentflows in a compliant, scalable way. According to it website, it is owned andoperated by Cyprus-based VIPTECH. Earlier, Mreana worked as Head of Growth at Spotware Systemsfrom 2023 to 2024 in Cyprus. Spotware is a technology provider in thefintech sector and is known for developing the cTrader trading platform.Growth and Sales BackgroundPrior to these roles, Mreana held the position of Head ofSales at an FX and CFD broker in Cyprus from 2021 to 2023. Inthat job, he helped set up the company’s commercial infrastructure, built newpartnerships and hired and trained a team of 17 people. He also contributed tothe firm achieving its key performance targets during his tenure.Last year, FDCTech, signed a non-binding letter of intent toacquire Xoala. The planned acquisition is valued at 6.75 million dollars and ispart of FDCTech’s effort to expand its regulated financial services presence inEurope and the UK.Under the letter of intent, FDCTech plans to buy 100 percentof Xoala’s shares from Steven FS Limited in the UK, with the purchase pricepaid in five equal annual instalments of 1.35 million dollars between 2026 and2030.This article was written by Jared Kirui at www.financemagnates.com.