BigPay, a Capital A venture company and fintech firm based in Malaysia, has announced the appointment of Zubin Rada Krishnan as its Acting Group Chief Executive Officer.

Zubin was the Malaysia country head for BigPay the past year, and succeeds Salim Dhanani who stepped down in February to pursue a new opportunity outside of BigPay, Capital A said in a statement on last Friday.

“Zubin takes the helm of this great company at a time of strong, sustained performance and we are confident that he will continue to grow BigPay’s mission of giving Southeast Asians the financial services they need to level up their lives, one transaction at a time,

“We are excited for BigPay’s next step as we seek to tighten our links with AirAsia guests to provide a seamless travel payment experience within the Capital A ecosystem,” said Colin Currie, President, Chief Executive Officer of airasia Digital.

Meanwhile, Zubin said he will leverage my nearly 20 years of experience across financial services and capital markets to better provide BigPay customers with the accessible and supportive products they need to live better lives.

“With an increased focus on our customers and deeper collaboration with airasia Superapp, I am confident in achieving greater growth for BigPay, which saw 56 percent year on year growth in revenue and a 43 percent improvement in gross profit margins,

“We have a stellar, talented team behind the business, who are instrumental in deepening and expanding our footprint in Malaysia and across Asean, with a planned launch in Thailand later this year, followed by Indonesia and the Philippines,” he said.

Before joining BigPay, Zubin was a Partner with the Boston Consulting Group for over six years, where he focused on financial services, including: the design of digital banks in Singapore and Malaysia; large-scale bank operating model transformations; and the build and launch of innovative digital products.

He was also a Co-Founder of Tuas Capital Partners, a private equity fund.

Prior, he played a strategy role at Hong Leong Bank where he helped set up a new subsidiary in Vietnam, and supported Malaysia’s last major retail banking merger.

He began his career in KPMG Business Advisory, supporting financial institutions across financial risk and strategy.

Zubin holds a Bachelor of Arts in Philosophy, Politics and Economics from the University of Oxford.

Founded in 2017, BigPay is a firm provides financial services from payments to international transfers, credit, micro-insurance, personal loans, and smart budgeting.

The firm currently has 1.3 million transacting and carded users which represents nearly 50 percent growth year on year.

In 2022, BigPay launched various regulated financial products and services in Malaysia, such as BigPay Personal Loans, DuitNow QR, and DuitNow transfer.

Most recently, BigPay has also hit MYR1 billion ($220 million) in gross transaction value (GTV) on its international remittance feature.

Capital A is an investment holding company with a portfolio of synergistic travel and lifestyle businesses that leverage data and technology.

As the new corporate identity of the former AirAsia Group Berhad, Capital A has transformed from an airline to a digital travel and lifestyle brand, comprised of main business verticals– aviation (Airlines), aviation services (ADE, Santan, GTR), airasia Superapp (airasia food, airasia ride among others), and ventures (AirAsia Academy, RedBeat Capital among others), as well as logistics venture Teleport and fintech portfolio company, BigPay.

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