Company recognized for tech upgrade of Skrill USA digital wallet to support instant funding of deposits and payouts plus VIP player program
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...
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...
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...
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...
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...
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...
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...
Paysafe launches Paysafecash in US to enable online cash payments
December 17, 20205 min
Alternative payment solution powered by InComm Payments promotes financial inclusion by allowing Americans to transact securely online with cash