Monoova appoints Salvatore Papaluca to Head of Growth

Australia’s leading business payment solutions provider, Monoova, has appointed Salvatore Papaluca to continue to drive the rapid growth of its end-to-end, business payment solutions.

Papaluca brings over 10 years’ experience in financial services. He joins Monoova from hummGroup where he worked across the business development of humm ‘Buy Now Pay Later’ and humm90 credit card services.

Prior to working at humm, Papaluca held managerial positions at Paypal where he specialised in offline/app payment solutions.

In his new role, Papluca will be leading a growing team supporting businesses with access to ways of fully automating how they receive, manage and pay funds to suit their particular requirements.

Commenting on the appointment, Monoova’s Chief Executive Officer, Christian Westerlind Wigstrom said, “Salvatore’s appointment comes at an exciting time for Monoova and our clients. Features and solutions that seemed like scifi only a few years ago are now taken for granted. Real-time NPP payments is just one example. And change is not slowing down. By mid-2022, Monoova will be part of launching PayTo transactions to the market, thereby opening up a myriad of value-adding automation options for businesses: from real-time direct debits to subsitutes for card gateways. Salvatore’s expertise puts Monoova in an even stronger position to bring home the advantages from payments automation to the market as well as attract the right talent to our team. Who said API-driven payments automation couldn’t be exciting!?”

Since its launch in 2017, then known as Moneytech Payments, Monoova has processed more than $27 billion in business payments on behalf of its growing clientele of companies in Australia, including Wise, Instarem and Jacaranda Finance.