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IndustryUpdate

They also noted this expansion follows strong adoption TPL Insurance offers auto, health, fire and property
in the United States and United Kingdom, where users coverage and has issued more than 277,000 policies as
have created more than 1 million eBay listings through of the end of 2025. Veon said the acquisition will expand
the Klarna app since the feature launched in December its digital financial services ecosystem in Pakistan by
2024, which highlights growing interest in secondhand integrating insurance with platforms such as JazzCash
and circular commerce. and Mobilink Bank, supporting broader financial inclu-
sion in a market where insurance penetration remains
PayBright, Material team up to elevate CX relatively low.

PayBright made a strategic investment in retail technol-
ogy company Material and named it the company's APPOINTMENTS
preferred POS solution for retail merchants. Material's
platform integrates hardware, software and payments NEACH Payments Group taps Alex Campbell
to help independent retailers manage both in-store and
online operations. The system is designed for boutique Alex Campbell was appointed to the board of directors
and specialty retailers such as gift shops, pet stores and of NEACH Payments Group. Campbell brings more
sports apparel businesses. than 27 years of experience in financial technology and
payments operations to this role. He currently serves as
Through the partnership, PayBright will offer Material's first vice president and chief payments officer at COCC,
tools to its merchant base, expanding support for smaller where he oversees payment initiatives spanning product
retailers that often lack tailored technology solutions. management, implementation and client support.

Material stated it currently supports more than 5,000
boutiques and has facilitated $50 million in online His expertise covers ACH, wire, check processing,
marketplace sales and $150 million in brick-and-mortar RTP, FedNow and API-driven payment platforms.
retail transactions. Campbell also has governance experience through prior
board roles with The Scribes Institute and the Global
ACQUISITIONS Communication Academy.
Nancy Gail Daniels to leave Hyosung Americas
Shift4 acquisition of key
Worldline subsidiaries final Nancy Gail Daniels, chief operating officer of Hyosung
Americas, will depart the company in April 2026 after
Shift4 completed its acquisition of Bambora North leading a period of operational transformation and
America, including Bambora Inc., Bambora Holding growth. Daniels returned to Hyosung in 2023 with
Corp., Bambora Corp. and Worldline SMB US Inc., nearly five decades of experience in the ATM and pay-
subsidiaries of Worldline. Bambora's gateway platform ments industry.
supports more than 140,000 merchants across North
America and integrates with over 500 independent During her tenure, she oversaw initiatives including
software vendors, Shift4 stated, adding that those mer- retail product innovation, supply chain improvements
chants will now gain access to Shift4's end-to-end pay- and the development of a high-performance sales and
ments and commerce solutions, creating opportunities service organization, helping the company achieve dou-
to expand services across the company's platform. ble-digit growth and strengthen its market share in
North America. Daniels previously held C-level leader-
Shift4 added that the acquisition adds significant pay- ship roles at Fujitsu, NCR and Hyosung and has been an
ments volume and strengthens its presence in several active industry voice on ATM crime, cybersecurity and
industry verticals. The move aligns with the company's the impact of tariffs on the payments sector.
strategy of integrating gateway customers into its broad-
er payments and commerce ecosystem. Stax Payments appoints four top executives

Veon's JIH to acquire digital-first TPL Insurance Stax Payments has announced several leadership
appointments as the company aligns its commercial,
Veon Ltd. said its subsidiary Jazz International operational and technology functions to support contin-
Holding Ltd. agreed to acquire a controlling stake in ued growth.
TPL Insurance, a publicly listed digital-first insurer in
Pakistan. The transaction, valued at about PKR 4.15 bil- Andrew "Drew" Monroe has joined Stax as chief com-
lion (approximately $14.6 million), is expected to close in mercial officer. Monroe brings more than 15 years of
mid-2026 pending regulatory approvals. experience in fintech and payments, most recently
serving as chief revenue officer at Bluefin. Earlier in his
career, he led global enterprise sales teams at Worldline
and Ingenico ePayments.
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