{"id":525713,"date":"2021-08-10T04:03:02","date_gmt":"2021-08-10T08:03:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/paysafe-appoints-chirag-patel-to-lead-its-digital-wallets-division\/"},"modified":"2021-08-10T04:03:02","modified_gmt":"2021-08-10T08:03:02","slug":"paysafe-appoints-chirag-patel-to-lead-its-digital-wallets-division","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paysafe-appoints-chirag-patel-to-lead-its-digital-wallets-division\/","title":{"rendered":"Paysafe Appoints Chirag Patel To Lead Its Digital Wallets Division"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Paysafe Appoints Chirag Patel To Lead Its Digital Wallets Division<\/b><\/p>\n<p class=\"bwalignc\"><i>Former Santander and Amazon executive brings additional digital payments experience to the Paysafe leadership team<\/i><\/p>\n<p>LONDON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.paysafe.com%2F&amp;esheet=52473986&amp;newsitemid=20210810005109&amp;lan=en-US&amp;anchor=Paysafe&amp;index=1&amp;md5=d13944832b434e207bf445e67d0b7a0a\">Paysafe<\/a> (NYSE: PSFE), a leading specialized payments platform, today announced it has appointed international payments executive, Chirag Patel, as CEO of its global Digital Wallets business. Patel will report directly into Group CEO, Philip McHugh, when he joins the company in early September.\n<\/p>\n<p>\nPaysafe\u2019s digital wallet solutions, which include Skrill and NETELLER, enable consumers to store, withdraw and make purchases in over 40 currencies from a virtual account as well as buy and sell interests in cryptocurrency and make international money transfers. They are used by 3.5 million consumers around the world and generated $20.4 billion total payment volume in 2020.\n<\/p>\n<p>\nPatel brings over 20 years\u2019 experience of working in payments for high profile, global organisations. He joins Paysafe from Santander Group where he was Global Head of Payments. While there, he launched a global payments platform and significantly increased usage of the bank\u2019s payments products and services. Before Santander, Patel was Amazon\u2019s Head of Payments, Europe and International Expansion, where he was responsible for the company\u2019s product roadmap for emerging payments technologies and international payment expansion. Before Amazon, he held senior executive roles in payments and financial services for other well-known financial institutions including Softcard (acquired by Google), American Express Services Europe Limited and Merchant Services Group Int.\n<\/p>\n<p>\nPhilip McHugh, Paysafe\u2019s CEO, commented: \u201cChirag has an awesome track record as a high-performing payments\u2019 executive and has successfully launched and grown multiple consumer-facing and B2B payments products and services around the world. I\u2019m thrilled to have someone of his caliber and energy-level to take our Digital Wallets business to the next level of growth.\u201d\n<\/p>\n<p>\nChirag Patel commented: \u201cI am really looking forward to joining the Paysafe team next month and to be given the opportunity to lead its exciting Digital Wallets business. I believe there is enormous potential to extend the offering to more and more customers given Skrill and NETELLER\u2019s worldwide presence, combined with Paysafe\u2019s great technology and talented team.\u201d\n<\/p>\n<p>\nPatel replaces former Digital Wallets CEO, Lorenzo Pellegrino, who is stepping into a strategic advisory role for Skrill Limited.\n<\/p>\n<p>\nMcHugh added: \u201cI\u2019d like to add my sincere thanks to Lorenzo for the immense passion and drive he has shown over the past 15 years as he launched our digital wallet solutions around the world. We now offer two of the most popular and sophisticated digital wallet brands on the planet and have strong foundations to continue building on as we grow the business.\u201d\n<\/p>\n<p class=\"bwalignc\"><b>###<\/b><\/p>\n<p><b>About Paysafe Limited<br \/>\n<br \/><\/b>Paysafe Limited (\u201cPaysafe\u201d) (NYSE: PSFE) (PSFE.WS) is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of US $92 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.paysafe.com&amp;esheet=52473986&amp;newsitemid=20210810005109&amp;lan=en-US&amp;anchor=www.paysafe.com&amp;index=2&amp;md5=852f9b521d0642f581e433eed5e9ffd8\">www.paysafe.com<\/a>.\n<\/p>\n<p><b>About Paysafe\u2019s Digital Wallets<br \/>\n<br \/><\/b>First launched in 1999, Paysafe\u2019s proprietary digital wallet solutions including <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.skrill.com%2F&amp;esheet=52473986&amp;newsitemid=20210810005109&amp;lan=en-US&amp;anchor=Skrill&amp;index=3&amp;md5=aee9f1c04762f0df75febfd7d1204d96\">Skrill<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.neteller.com%2F&amp;esheet=52473986&amp;newsitemid=20210810005109&amp;lan=en-US&amp;anchor=NETELLER&amp;index=4&amp;md5=95ecef0c94bd5a72426a429703eda29b\">NETELLER<\/a> provide digital commerce services for businesses and consumers globally. For consumers they provide the ability to upload, store, withdraw and pay people or make purchases from a virtual account, buy and sell interests in cryptocurrency or make international money transfers.\n<\/p>\n<p>\nToday they are used in over 120 markets by 3.5 million active consumer users, and approximately 70 alternative payment methods can be used to make deposits. Consumers generate over 90 million transactions annually, driving $20.4 billion total payment volume in 2020. For businesses, the digital wallets help them to build a global customer base and drive growth by connecting them to millions of consumers. Businesses can start accepting payments in over 40 currencies via credit cards, debit cards, and multiple local and alternative payment methods, including Paysafe\u2019s own Rapid Transfer, paysafecard and Paysafecash, within a matter of hours. In 2020 Paysafe\u2019s digital wallets division reported $395 million revenue.\n<\/p>\n<p>\nIn the US, Skrill operates as Skrill USA, Inc. The assets, liabilities, and results of operations of Skrill USA are consolidated in Paysafe Limited\u2019s consolidated financial statements; however, Paysafe Limited has no direct equity ownership in Skrill USA.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210810005109r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210810005109\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210810005109\/en\/<\/a><\/span><\/p>\n<p><b>Media enquiries:<br \/>\n<\/b><br \/>Kate Aldridge<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kate.aldridge@paysafe.com\">kate.aldridge@paysafe.com<br \/>\n<\/a><br \/>+44 750 079 7547\n<\/p>\n<p><b>Investor enquiries:<br \/>\n<\/b><br \/>Kirsten Nielsen<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kirsten.nielsen@paysafe.com\">kirsten.nielsen@paysafe.com<br \/>\n<\/a><br \/>+1 (646) 901-3140\n<\/p>\n<p><b>KEYWORDS:<\/b> United Kingdom Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Technology Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210810005109\/en\/831957\/3\/Paysafe_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Paysafe Appoints Chirag Patel To Lead Its Digital Wallets Division Former Santander and Amazon executive brings additional digital payments experience to the Paysafe leadership team LONDON&#8211;(BUSINESS WIRE)&#8211;Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced it has appointed international payments executive, Chirag Patel, as CEO of its global Digital Wallets business. Patel will report directly into Group CEO, Philip McHugh, when he joins the company in early September. Paysafe\u2019s digital wallet solutions, which include Skrill and NETELLER, enable consumers to store, withdraw and make purchases in over 40 currencies from a virtual account as well as buy and sell interests in cryptocurrency and make international money transfers. They are used by 3.5 million consumers around the world and generated &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paysafe-appoints-chirag-patel-to-lead-its-digital-wallets-division\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Paysafe Appoints Chirag Patel To Lead Its Digital Wallets Division&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-525713","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Paysafe Appoints Chirag Patel To Lead Its Digital Wallets Division - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paysafe-appoints-chirag-patel-to-lead-its-digital-wallets-division\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paysafe Appoints Chirag Patel To Lead Its Digital Wallets Division - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Paysafe Appoints Chirag Patel To Lead Its Digital Wallets Division Former Santander and Amazon executive brings additional digital payments experience to the Paysafe leadership team LONDON&#8211;(BUSINESS WIRE)&#8211;Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced it has appointed international payments executive, Chirag Patel, as CEO of its global Digital Wallets business. Patel will report directly into Group CEO, Philip McHugh, when he joins the company in early September. Paysafe\u2019s digital wallet solutions, which include Skrill and NETELLER, enable consumers to store, withdraw and make purchases in over 40 currencies from a virtual account as well as buy and sell interests in cryptocurrency and make international money transfers. 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Patel will report directly into Group CEO, Philip McHugh, when he joins the company in early September. Paysafe\u2019s digital wallet solutions, which include Skrill and NETELLER, enable consumers to store, withdraw and make purchases in over 40 currencies from a virtual account as well as buy and sell interests in cryptocurrency and make international money transfers. 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