Paysafe names Chirag Patel CEO of its Digital Wallets business
Specialized payments platform Paysafe (NYSE:PSFE) today announced it has appointed international payments executive, Chirag Patel, as CEO of its global Digital Wallets business. Mr Patel will report directly into Group CEO, Philip McHugh, when he joins the company in early September.
Paysafe’s 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.
Mr Patel brings over 20 years’ 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’s payments products and services.
Before Santander, Mr Patel was 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, 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.
Chirag Patel commented:
“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.”
Mr Patel replaces former Digital Wallets CEO, Lorenzo Pellegrino, who is stepping into a strategic advisory role for Skrill Limited.