UK govt selects GPS as London Export Champion

By Sunniva Kolostyak

Global Processing Services (GPS) has been selected to join the UK government’s initiative London Export Champion to form a community of leaders who have successfully sold overseas.

The Export Champion programme, launched by the Department for International Trade (DIT), includes a cohort of companies across sectors such as FinTech, sustainable transportation, innovative food and drink products and events management.

The community will be sharing their time and experience to encourage more companies to export their services. The programme forms a crucial part of DIT’s export strategy to increase the value of GDP through exports from 30 per cent to 35 per cent.

Joanne Dewar, Chief Executive Officer of GPS, said: “It is a real honour to be invited to become a DIT London Export Champion for 2020. The UK has been a torchbearer for the global fintech revolution thus far, and with the help of the DIT’s FinTech Bridges, we were able to effectively navigate the regulatory complexities involved in expanding internationally, successfully launching our Singaporean and Sydney offices last year.”

GPS was also invited by HM Treasury to participate in an independent strategic review of the UK FinTech Sector, chaired by Ron Kalifa OBE, which explores how the FinTech industry, regulators and policymakers can work together to ensure their continued success.

GPS was a contributor to expanding the European FinTech sector into the global market last year, helping clients such as Revolut expand into Australia, New Zealand, Singapore and Japan. It has also delivered programmes for companies including Razer FinTech, WeLab Bank and Xinja.

Now, its global expansion efforts will be further accelerated by a recent strategic investment from Visa.

Also commenting. James Watts, Deputy Head, London Trade and Investment at the DIT said: “Export Champions in London have only been going since March 2019, but in that time have delivered over 500 different activities to support exporters in London, from sharing their experience in overseas markets, to supporting businesses starting out in exporting, and promoting the export services DIT offers more widely. We’re really excited to now have a cutting-edge leader such as GPS join us in extending that support further into London’s world-class fintech community.”