IOUpay Limited (ASX:IOU) announced that Dato’ Wan Asmadi Wan Ahmad has resigned from his position as Chairman of the company due to other business commitments.
The Board has appointed current non-executive Director, Mr Isaac Chong Kwong Yang, as the new Chairman.
Mr Chong has experience in finance, accounting, and large public companies in Australia and Asia.
The new Chairman will lead the Company's pivot and product suite expansion into the small-to-medium sized enterprise segment and will focus on the civil servant category of consumers.
IOUpay provides fintech and digital commerce software solutions and services that enable its institutional customers to securely authenticate end-user customers and process banking, purchase and payment transactions.