PayU appoints former PayPal senior director global CCO

Source: PayU

PayU, the global online payment service provider, has named Matthias Setzer as its global Chief Commercial Officer.

Matthias brings extensive knowledge of business development and partnerships to PayU. He joins the company having spent 12 years with PayPal, latterly as PayPal’s Senior Director of Strategic Partnerships & Business Development EMEA. Prior to that, Matthias worked for Lycos Europe and Bertelsmann.

In his role as PayU CCO, Matthias will be based in Germany, responsible for leading PayU’s global sales and managing its business development and strategic partnerships. In addition, he will help PayU expand its credit strategy across its key markets. He will act as a sponsor for the company’s Global Layer initiative, which will allow global merchants to serve new customers with next generation API technology.

PayU operates in 16 high growth markets and is part of Naspers, a global Internet and entertainment group and one of the largest technology investors in the world.

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