Paysafe (NYSE: PSFE), a specialized payments platform, reveals that it has appointed international payments executive, Chirag Patel, as CEO of its global Digital Wallets business.
Patel will be reporting directly to Group CEO, Philip McHugh, when he joins the firm in September 2021.
Chirag has a great track record as a “high-performing” payments’ professional and has helped with launching and growing several consumer-facing and B2B payments products and services globally, McHugh noted while adding that he’s pleased “to have someone of his caliber and energy-level to take our Digital Wallets business to the next level of growth.”
As noted in a release, Patel brings more than 2 decades of industry experience that has been focused on working in payments for “high profile,” global organizations. Patel joins Paysafe from Santander Group where he was serving as the Global Head of Payments.
While serving in that role, Patel launched a global payments platform and “significantly increased usage of the bank’s payments products and services.”
Before working at Santander, Patel was serving as Amazon’s Head of Payments, Europe and International Expansion, where he was “responsible for the company’s product roadmap for emerging payments technologies and international payment expansion.”
Prior to Amazon, Patel 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.”
Chirag Patel added:
“I 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’s worldwide presence, combined with Paysafe’s great technology and talented team.”
Patel will be replacing ex- Digital Wallets CEO, Lorenzo Pellegrino, who is “stepping into a strategic advisory role for Skrill Limited.”
McHugh also mentioned:
“I’d 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.”