Paysafe, a prominent payments brand with a presence in the gaming industry, has announced the appointment of Bruce Lowthers as the company’s new Chief Executive Officer and Executive Director.
Succeeding Philip McHugh, who is set to join the brand’s Board of Directors, Lowthers brings a wealth of experience in the fintech industry to this new position. Specifically, Lowthers joins Paysafe after a 15-year period at FIS, a Fortune 250 fintech organization.
Speaking on this new chapter, 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.”
This news comes as Paysafe moves to expand its presence in the ever-growing gaming market. Recently, the brand agreed to launch its offering with Resorts WorldBet in the state of New York.
The departing CEO had only positive things to say about his time with the company, McHugh noted: “It has been a real privilege to lead the transformation at Paysafe over the past few years and work with so many talented colleagues. Bruce and I know each other well, he’s a great leader and I’m excited to see where he can take Paysafe. I want to personally thank the team and wish Bruce, the Board and the entire Paysafe community, all the very best for the future.”
