- Paysafe has confirmed that Chirag Patel will take over the role of chief executive officer of the global Digital Wallets business at the firm.
- Patel, who has experience working at companies such as Amazon and Santander, is expected to take up the new role next month.
- “I’m thrilled to have someone of his caliber and energy-level to take our Digital Wallets business to the next level of growth,” said a senior spokesperson for Paysafe.
Paysafe, a specialised payments platform that owns brands such as NETELLER and Skrill, has announced the arrival of a new chief executive officer for its global Digital Wallets business.
Chirag Patel will take up the role and report directly to the firm’s overall chief executive officer, Philip McHugh.
Patel is expected to start in his new role next month.
Patel previously worked at Santander Group as the global head of payments, during which time he was responsible for the creation of an international money transfer platform.
He has also worked as Amazon’s head of Payments for Europe, where he was partially responsible for international expansion.
Patel will be taking over the role from Lorenzo Pellegrino, who will now be taking on an advisory role at Skrill.
In a statement, McHugh said that Patel’s track record was “awesome” – and that it ranged across both commercial and consumer-facing areas of practice.
“Chirag has an awesome track record as a high-performing payments’ executive and has successfully launched and grown multiple consumer-facing and B2B payments products and services around the world,” he said.
He also said that Patel’s energy would be applied well to the planned growth trajectory of the business.
“I’m thrilled to have someone of his caliber and energy-level to take our Digital Wallets business to the next level of growth.”
Meanwhile, Patel said that he was excited about the new opportunity to grow the Paysafe business.
“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,” he said.
He added that there was still a high amount of potential that could be realised by the two firms.
“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,” he said.
Paysafe, which is listed on the New York Stock Exchange, owns a number of businesses in the online money transfer sector.
Its customers complete almost 100 million transactions every single year.
Paysafe has more than 20 years’ experience in the online payments sector, and its Digital Wallets offering dates back to 1999.
If you would like to get more information about the workings of the online money transfer sector, just head over to our review pages to learn more.
