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Meet Altech NuPay’s new Managing Director - Derek Chaplin

Derek Chaplin is the Managing Director of Altech Card Solutions and Altech NuPay. Chaplin assumes overall strategic and operational responsibility for the two businesses, both of which form part of Altron TMT’s information technology vertical and are wholly owned subsidiaries of the JSE-listed Altron.

Though a chartered accountant by profession, the bulk of Chaplin’s career has been in the banking and card solutions sectors. In 1993, Chaplin joined Africard, a leading credit card manufacturer. When Altech acquired Africard in 2001, Chaplin’s team were producing up to two million cards monthly. Shortly after the acquisition, Altech consolidated its card-related businesses into Altech Card Solutions under Chaplin’s leadership.

In 2004, Chaplin managed the acquisition by Altech Card Solutions of the switching operations of AST (now Gijima AST). This allowed the organisation to complement its existing services offering to include the straight-through processing of financial transactions between parties whose accounts are with different banks. Through this system, the transaction is processed immediately and securely.

Chaplin also manages Altech NuPay, one of South Africa’s leading provider of debit order collections and transaction solutions for the micro-lending and banking industries. The debit order processing system that Altech NuPay developed was a first for the South African market.

As mentioned, Derek is an accountant by profession. After six years of balancing books at Kohler Packaging, however, he wanted to learn more about business. After a stint as a sales rep and then product manager, Derek was recruited to join the Tongaat Foods Group. He was in the maize milling business until sent down to Cape Town to implement a high tech mushroom farm based on Dutch technology. Within 15 months, the Tongaat farm increased its weekly crop from 10 tons to 32 tons. Two years later a further expansion increased capacity to 64 tons per week. 

Having reached a crossroads in his career, Derek accepted the offer to join Africard in 1993.

When not working, Derek enjoys a game of golf and watching his daughter and two sons playing sports. “This is something my parents never could do for me. I make an effort not to miss my children’s events.” Derek also used to be runner and has completed 50 marathons and ultra-marathons.