Paysafe appoints Chirag Patel as CEO of Global Digital Wallets

By Joy Dumasia

Paysafe payments platform announced it had appointed International Payments Executive Chirag Patel as CEO of its Global Digital Wallets business. Patel will report directly to Group CEO Philip McHugh when he joins the company in early September.

Patel brings over 20 years experience of working in payments for high profile, global organizations. 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, 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.

Paysafe’s digital wallet solutions, including Skrill and NETELLER, enable consumers to store, withdraw, and make purchases in over 40 currencies from a virtual account, buy and sell interests in cryptocurrency, and make international money transfers.

Philip McHugh, Paysafe’s CEO, commented: “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. I’m thrilled to have someone of his caliber and energy-level to take our Digital Wallets business to the next level of growth.”

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.”

Recently, IBS Intelligence reported that Paysafe, a leading specialized payments platform, has announced signing a definitive agreement to acquire PagoEfectivo, a market-leading Peruvian alternative payments (APM) platform. The financial terms of the transaction were not disclosed. The transaction is expected to close by the end of August, subject to customary closing conditions.