Digital payments platform Visa has announced two senior leadership changes in the Asia Pacific region. Chris Clark has been elevated from Regional President to Chairman, Asia Pacific, and Stephen Karpin named as his successor as Regional President, Asia Pacific. Both changes are effective 1 April 2023.

In his new role as Chairman, Asia Pacific, Clark will support regional and global initiatives, including strategic engagements with government and industry stakeholders, drive Visa’s market expansion strategy and continue his role as a non-executive director of the Visa Europe Board.

As Regional President, Karpin will be responsible for the full business operations, client management and go-to-market plans for the region, based in Visa’s Regional Headquarters in Singapore.

Karpin has a deep background in the payments industry and knowledge of Asia Pacific markets, beginning his career at Visa in 2014 as Group Country Manager Australia, New Zealand & South Pacific.

In 2017 Karpin was appointed as Group Country Manager, Regional Southeast Asia, and since 2019 he has served as Country Manager, Japan, Visa’s largest Asia Pacific market. Previously, he spent 17 years in senior roles at Commonwealth Bank and Westpac in Australia and at Citibank in Australia, Singapore and Japan.

“Over the last ten years as Regional President for Visa Asia Pacific, I have been committed to expanding the reach of electronic payments and growing our business by forging strong client and partner relationships, driving digital innovation in the regional payments ecosystem and building new partnerships with established and start-up fintechs, all supported by an amazing team of great payments professionals,” Clark said.