In change of guards at one of world’s largest Payment Services Platforms PayU, Former payPal Europe VP Laurent Le Moal is joining the company as its new CEO. As a part of this process, Le Moal joins the Naspers management team to lead its payments business, reporting directly to Naspers’ Group CEO, Bob Van Dijk.
Le Moal brings extensive knowledge of digital payments and emerging markets to PayU. He is joining PayU after an 11-year career at PayPal as VP for Continental Europe, Russia, Middle-East and Africa, leading the growth of its consumer franchise across diverse geographies.
Laurent Le Moal will lead PayU’s strategy and growth, building on the company’s position in high growth markets around the world and developing payment solutions which meet the local market needs of both consumers and merchants.
Naspers Group CEO, Bob van Dijk said:
Laurent’s impressive entrepreneurial and business development experience leading multiple teams in diverse global markets is a perfect fit for Naspers and PayU. His understanding of digital payments in markets with long-term growth potential is a great asset to the PayU team and we are delighted to welcome him to the Group.
Laurent Le Moal said:
I have always been impressed with the PayU team and its track record in addressing the opportunities and challenges in the global and local digital payments sectors. I’m looking forward to working with the team to continue to position PayU as an industry leader in markets across the globe.
PayU is owned by South African media conglomerate Naspers (more popularly known for its initial investments in Facebook, China’s Tencent and Russia’s Mail.ru) and operates in 16 countries including Latin America, Europe, Middle East, Africa and India. It currently claims more than 100K merchants with more than 250+ payment options.