Paysafe Names Bruce Lowthers as the New Chief Executive

Paysafe (NYSE: PSFE), which is a major online payments firm, announced on Thursday the appointment of Bruce Lowthers as the company’s new Chief Executive Officer and Executive Director.

He will take the new leadership role on 1 May 2022, replacing Philip McHugh. Additionally, the announcement came shortly after the payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term company onboarded Daniel Henson as Non-Executive Chairman.

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“Bruce is an exceptional executive whose proven track record of driving sustained results and enterprise value is second to none. In particular, he has successfully scaled and transformed many global organizations,” said Henson.

Indeed, Lowthers will join Paysafe after his 15 years of tenure at FIS, a major American fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term company. He has held several leadership roles in the company over the years, parting as its President.

In addition, he is bringing a total of three decades of work experience to his new role at Paysafe. He started his career in July 1992 as an Audit Manager at Ernst & Young. Moreover, he served in leadership roles at several financial services companies.

Commenting on the prospects of his new role at Paysafe, Lowthers said: “Paysafe has a highly differentiated and innovative payments offering and is at the forefront of enabling improved payments experiences for both businesses and consumers around the world.

“I am excited by the significant growth opportunities ahead for Paysafe and by the financial outcomes and value we can achieve.”
The stepping down of McHugh as the CEO and a member of the Board is also a major transition for the online payments company. He led the company through the tough pandemic times and positioned itself in the next growth phase.

“He has taken Paysafe public, expanded its footprint and established value-added relationships while upgrading the Company’s product and tech capabilities,” Henson said on McHugh’s role at Paysafe. “The strong foundation Philip and team have put in place sets Paysafe up for sustainable, long-term growth.”