Paysafe appoints two execs to digital wallets team

Payments firm Paysafe has appointed two new execs to its digital wallets team, Rachel McShane and Megan Oxman.

McShane will take on the role of chief financial officer, while Oxman is set to take on the newly created role of senior vice president of new product development.

McShane has 15 years’ experience in professional and financial services and joins from Barclays, where she spent the last 10 years of her career, most recently as head of finance for the corporate bank and commercial finance director for transaction banking.

McShane’s background includes working across a variety of financial products and industry sectors - including four years at Barclaycard, and prior to Barclays, in corporate tax advisory and transaction services at KPMG

Th executive’s position is effective immediately.

Meanwhile, Oxman, who joins Paysafe on March 1, spent the last eight years on Amazon’s payments team, where she was responsible for launching and operating multiple new consumer payments products.

Prior to Amazon, Oxman worked at the Bill & Melinda Gates Foundation, where she worked with organisations to improve accessibility and use of financial services across the globe.

Paysafe said Oxman is set to lead new product development for Paysafe’s digital wallets business, including various transformative initiatives such as the company’s embedded finance solution which it recently launched with crypto exchange, Binance.

“I’m delighted to welcome Rachel and Megan to our digital wallets team,” said Chirag Patel, chief executive at Paysafe’s digital wallets division. “Their track records speak for themselves, and I believe they both have the talent, experience and commercial acumen to make a huge contribution to our digital wallets business as we double-down on enhancing our offering to customers and being the true payments pioneer in the digital wallets and embedded finance space.”

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