With 15 years’ experience in the electronic payments sector and over 20 years working in mainstream banking, Paul brings a wealth of experience to the rapidly growing Saxo Payments business.

Currently MD of Vitesse PSP which he established in 2013, Paul’s e-commerce payments experience includes the role of Chief Strategy Officer at Worldpay where he was part of the e-commerce senior management team as well as a member of the company’s senior leadership team. In this position, he was responsible for geographical expansion, working from the company’s London operation. As founder and COO of Envoy Services, established in 2005, Paul also brings invaluable understanding of the challenges facing new business start-ups. He is also an angel investor.

“Paul will be an incredibly valuable addition to our team” said Anders la Cour, Chief Executive Officer for Saxo Payment. “He has a solid background in the banking sector, as well as an impressive track record of founding and developing smaller companies focussed in the e-commerce space. This in-depth knowledge, combined with strong industry connections, means Paul is perfectly positioned to help drive Saxo Payments onto a new level of expansion, as we continue to develop our member network worldwide.”

Paul Townsend added: “Saxo Payments is a major player in an exciting marketplace and I am looking forward to using my experience to expand the membership of the Saxo Payments Banking Circle. It is offering a genuine alternative to traditional payment solutions, helping innovative businesses meet their potential in growth markets around the world.”