Paysafe names Bruce Lowthers as new CEO

Bruce Lowthers will succeed Philip McHugh as chief executive officer and executive director.

US.- Paysafe Limited has named the fintech industry leader Bruce Lowthers as chief executive officer and executive director. He will succeed Philip McHugh, who is stepping down as CEO and as a member of the board of directors. Lowthers will join Paysafe on May 1 after 15 years at the fintech company FIS.

Daniel Henson, chairman of the Paysafe Board, said: “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. Paysafe is at an exciting inflection point on its journey and we are confident Bruce is the right leader to take it to the next level of growth.”

Bruce Lowthers commented: “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 for our customers, employees, and shareholders as we scale the global business. I am thrilled to be joining the talented Paysafe team at such a pivotal time!”

In September, Paysafe appointed Zak Cutler as CEO North America gaming. Cutler worked at state lottery ticket selling app Jackpocket as VP of strategy and product, a role in which he was responsible for product strategy and delivery, overseeing expansion of the app across ten US jurisdictions.

See also: Paysafe partners with Bally’s in Arizona and New Jersey