PayU, one of the world’s largest payment service providers announces the appointment of Laurent Le Moal as its new global CEO. PayU has operations in 16 countries and is part of the leading global media and Internet group, Naspers.
In his role as PayU CEO, 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 culminated 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.
High Growth Markets
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, CEO of PayU, 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 a leading online payment service provider dedicated to creating a fast and simple payment process for both merchants and buyers. Whether someone wants to make an electronic payment on a computer, tablet, mobile device, e-wallet, even offline, PayU's 250+ payment methods are designed to make it fast, simple and secure.
PayU is present in 16 high growth markets in Asia, Central and Eastern Europe, Latin America and the Middle East and Africa. These 16 countries represent a potential consumer base of more than 2.2 billion people. PayU - with more than 1,400 payment specialists services 100,000+ merchants.
PayU makes up the e-payments division of Naspers Ltd. a broad-based, multinational media group providing services in more than 133 countries. Founded in 1915, Naspers primarily operates in Internet services, especially ecommerce, pay television and print media. Naspers is listed on both the Johannesburg and London Stock Exchanges.
Article sourced from Press Release by Naspers, 18 January 2016