Paysafe Taps Vice Chairman of Mastercard as Non-Exec Director

Global payments provider Paysafe Group has added a new member to its team, with the firm announcing this Monday that it has appointed Walt Macnee as an independent, non-executive director, with immediate effect.

Macnee is the current vice chairman of Mastercard. On their behalf, he has led multiple growth initiatives for the company around the world, including the foundation of the Mastercard Center for Inclusive Growth. A lot of his work with 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 has revolved around financial inclusion. He is also a director of the Mastercard Impact Fund.

Appointment of Macnee finishes Paysafe board revamp

In his new position, Macnee will bring his wealth of experience in the finance and payments industry. According to the chairman of Paysafe’s board of directors, his appointment completes the reorientation and strengthening of the company’s board.

Commenting on the appointment, Paysafe’s president and chief executive officer, Joel Leonoff, said: “Walt brings vast payments leadership experience to the role combined with a proven entrepreneurial track record of developing new business in underserved parts of the world. We all look forward to working with him.”

Before his current roles at Mastercard, Macnee has been the president of Mastercard’s International Markets, president of the Americas Region and president of Mastercard Canada.

During his career, he has also served as executive vice president of Cards and Collections at the Canadian Imperial Bank of Commerce. Macnee also spent 18 years at Toronto Dominion Bank. In his last position with the bank, he was the senior vice president and ran the VISA business and personal lending.

“I have watched Paysafe notch up multiple successes over these past years, reinforcing its position and standing in the digital payments industry, and Joel and the board of directors quite rightly continue to have very bold ambitions for the business. I’m excited to be joining the team at this time and using my insights and experience to help steer that accelerated growth strategy,” Macnee added.