ePayments CEO Mike Rymanov Steps Down

The ePayments payment system announced the departure of Mike Rymanov from the post of chief executive of the company.

We are fast approaching the end of 2020. Please visit our blog https://t.co/SKl8MGX1Km to read the latest news.

— ePayments (@myepayments) December 24, 2020

The post of interim CEO will be filled by Simon Davis, the Strategic Advisor to the Board, pending approval of his candidacy by UK regulators.

“Simon possesses extensive leadership experience that will help us grow the business and improve customer service,” the company said.

Previously, Simon Davis served as chief executive officer of the company’s Guardian Financial Services insurance subsidiary.

“We are continuing to work on solving the problems so that we can resume operations as soon as possible,” the company added.

Earlier, on 11 February 2020, the ePayments payment system suspended operations after a check by the FCA of its anti-money-laundering controls. Since then, users have been unable to perform any account actions.

In September, the company announced an imminent resumption of operations, stating that it would discontinue dealing with cryptocurrencies and changing the terms of the user agreement.

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