Paysafe appoints former Santander exec to lead digital wallets division

Paysafe has appointed Chirag Patel, a former Santander and Amazon executive, to lead its digital wallets division.

The payments platform said that as CEO of the global digital wallets business, 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 more than 40 currencies from a virtual account and buy and sell interests in cryptocurrency and make international money transfers.

Patel joins Paysafe from Santander Group where he was global head of payments. While there, he launched a global payments platform and increased usage of the bank’s payments products and services.

Prior to 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.

He has also held senior executive roles in payments and financial services for other financial institutions including Softcard (acquired by Google), American Express Services Europe Limited and Merchant Services Group Int.

Philip McHugh, chief executive of Paysafe, said: “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.”

The company claims its technology is used by 3.5 million consumers around the world and has generated $20.4 billion total payment volume in 2020.

Patel said: “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.”

    Share Story:

Recent Stories

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.