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by BusinessWire
Paysafe Announces New CEO
Payments

Paysafe Announces New CEO

April 11, 20226 min

Former FIS President and Fintech Industry Leader, Bruce Lowthers, Appointed Chief Executive Officer of Paysafe with Mandate to Scale the Company; Succeeds Philip McHugh Company Reaffirms Guidance for First Quarter and Full Year 2022 Paysafe Limited (“Paysafe” or the “Company”) (NYSE: PSFE) (PSFE.WS), a leading specialized payments platform, today announced that fintech industry leader, Bruce Lowthers, has been appointed as Chief Executive Officer and Executive Director of Paysafe. Lowthers, who will join the company by...

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by BusinessWire
Paysafe Selects J.P. Morgan as Core Banking Provider
Banking

Paysafe Selects J.P. Morgan as Core Banking Provider

March 14, 20225 min

Leading specialised payments platform partners with the global financial services firm to power international payments settlement Leading specialised payments platform, Paysafe (NYSE: PSFE), announces the appointment of J.P. Morgan as its core banking provider. The global financial services firm’s work for Paysafe will be led from its Payments business, which combines cash management, payment solutions and merchant services for corporate clients, financial institutions and governments. The work with J.P. Morgan began with Paysafe’s Integrated and...

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by BusinessWire
Paysafe Completes Acquisition of SafetyPay
Payments

Paysafe Completes Acquisition of SafetyPay

February 1, 20226 min

Acquisition enables Paysafe to further scale in the high-growth Latin American region, taking advantage of the nascent open banking ecosystem and building on its recent acquisition of PagoEfectivo. Together the two acquisitions are expected to drive multiple cross-selling opportunities across all Paysafe business units, enhancing long term growth prospects. Paysafe (NYSE:PSFE), a leading specialized payments platform, today announced the completion of its SafetyPay acquisition. SafetyPay is a leading payments platform operating primarily in Latin America...

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by BusinessWire
Fubo Sportsbook to plug into Paysafe for full suite of payments
Payments

Fubo Sportsbook to plug into Paysafe for full suite of payments

October 4, 20215 min

Forthcoming Fubo Sportsbook to plug into Paysafe for full suite of traditional and alternative payments Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced a partnership with Fubo Gaming, the Chicago-based subsidiary of leading sports-first live TV streaming platform fuboTV Inc. (NYSE: FUBO). Expected to launch in Q4 2021 subject to obtaining requisite regulatory approvals, Fubo Gaming’s mobile sportsbook, Fubo Sportsbook, will plug into Paysafe for credit and debit card payments, the Skrill USA digital wallet, and paysafecard...

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by BusinessWire
Paysafe Appoints Zak Cutler to Lead Its North America
Payments

Paysafe Appoints Zak Cutler to Lead Its North America

September 16, 20216 min

Former Jackpocket and DraftKings executive brings additional iGaming expertise and deep industry relationships to Paysafe Paysafe (NYSE:PSFE), a leading specialized payments platform, today announced it has appointed seasoned iGaming executive, Zak Cutler, as CEO, North America iGaming. The newly created executive role, which reports directly into Group CEO, Philip McHugh, forms part of Paysafe’s ongoing strategic focus in the North American iGaming vertical which continues to show explosive growth as more and more states in the...

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by BusinessWire
Paysafe Reports Second Quarter 2021 Results
Payments

Paysafe Reports Second Quarter 2021 Results

August 17, 202187 min

Paysafe Limited (“Paysafe” or the “Company”) (NYSE:PSFE) (PSFE.WS), a leading specialized payments platform, today announced its financial results for the second quarter of 2021. Second Quarter 2021 Financial Highlights (metrics compared to second quarter of 2020) Total Payment Volume of $32.3 billion, increased 41% Revenue of $384.3 million, increased 13% Net income attributable to the Company of $6.6 million, compared to net loss of $15.9 million Adjusted EBITDA of $118.8 million, increased 8% Reaffirmed 2021...

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by BusinessWire
Paysafe To Acquire PagoEfectivo
Payments

Paysafe To Acquire PagoEfectivo

August 3, 20217 min

The company’s latest investment accelerates the Latin American expansion of its eCash business and exploits the growing online banking opportunities in the region Paysafe (NYSE:PSFE), a leading specialized payments platform, today announces that it has signed a definitive agreement to acquire PagoEfectivo, a market-leading, Peruvian alternative payments (APM) platform. For Paysafe, this latest investment is a strategic foothold in Latin America, one of the world’s fastest-growing online markets where merchants and consumers alike are demonstrating...

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