Banking Circle Elected To AP+ Management Committee
SYDNEY, 21 January 2026 – Banking Circle (Australia) has been elected as a member of the Australia Payments Plus (AP+) Management Committee for 2026, represented by Ying Zhuo, Head of Product APAC.
The AP+ Management Committee plays a vital role in shaping the strategy, performance, and direction of AP+ schemes, including eftpos, the NPP and BPAY. It monitors market trends, approves amendments to scheme documentation, and makes recommendations on key areas, including the AP+ Product Roadmap, market and policy trends, industry insights, and fraud prevention.
The election demonstrates Banking Circle’s growing importance within the Australian payments landscape, accelerated by its acquisition of Australian Settlements Limited (ASL), an Authorised Deposit-taking Institution in Australia (ADI) with an extensive track record of domestic banking, payments, and settlements.
An industry veteran, Ying has previously held Product roles at the likes of ANZ Bank, Tencent, and was the first employee of Airwallex in Singapore, before making the shift to Banking Circle in 2023.
Commenting on the nomination, Ying Zhuo, Head of Product APAC, Banking Circle, said, “Our vision is to represent the banking and payment needs of fintechs –both domestic innovators and international firms seeking to enter or expand beyond Australia’s borders. By advancing Australia’s payment ecosystem and accelerating the adoption of NPP, we aim to position Australia on the global stage and enable seamless growth for fintechs everywhere.”
Banking Circle brings global experience operating within similarly regulated landscapes, holding memberships to various banking and payment associations and committees. The firm also brings industry knowledge from various instant schemes as direct members and early adopters.
“While payment trends differ from region to region, we’ve seen the impact that committees such as this can have on improving domestic payment outcomes, specifically in relation to accelerating access to instant payments. We’re excited to join the AP+ Management Committee for this very reason”, said Zhuo.
The 2026 Management Committee will include representatives from the following organisations (in alphabetical order): Adyen, ANZ, Banking Circle (Australia), Bendigo and Adelaide Bank, CBA, Cuscal, Eftex, ING Bank, Macquarie, NAB, RBA Banking, Tyro, Westpac, Worldpay, and Zepto.
About Banking Circle (Australia)
Banking Circle (Australia) is Australia’s leading payments bank, and brings global banking power to the local market as part of the Banking Circle Group which includes Banking Circle S.A., a fully licensed bank trusted by leading FinTechs worldwide.
As a lead participant for NPP, principal members of BPAY and eftpos, we provide direct access to Australia’s clearing systems plus international payment rails, all through one API. Our solutions help global payment businesses enter Australia effortlessly while enabling Australian companies to scale across borders. We deliver secure, compliant, and resilient payments, whether on traditional rails or blockchain. Wherever you operate, Banking Circle is your partner for fast, scalable growth.
