Jens Bader leaves Paysafecard for Secure Trading
Payments veteran will oversee Secure Trading's entire commercial function as the firm eyes global expansion
Paysafecard’s former chief commercial officer Jens Bader has left the firm to join rival payments supplier Secure Trading.
A payments industry veteran, Bader joined Paysafecard in October 2010 and was responsible for the commercial strategy of the group for almost four years until his departure earlier this week.
He joins Secure Trading in a similar role as the company plots significant expansion across Europe and the US, including the recruitment of dozens of new staff.
Bader will oversee all sales and marketing for the firm, which is set to launch a new end-to-end payments product aimed specifically at the US real-money egaming market.
The new platform integrates geolocation, KYC, fraud security, a prepay card product and card acquiring technology.
“Secure Trading has been going for more than 15 years and has very solid technology a very strong business, but has been under the radar,” Bader told eGaming Review.
“Over the last three years they have developed a lot of new platforms and now the big challenge is to build an organisation around that.”
Secure Trading is aiming to grow its Malta office from a handful of staff to around 35 in the coming months, as well as hiring 30 staff in its London headquarters and a team of up to five in Chicago.
Last month Paysafecard’s co-founder Michael Mueller stepped down from his role as CEO and resigned from the company’s board of directors.
Mueller co-founded the Paysafecard group in 2000 and will be replaced by Udo Mueller, who has been on the board since 2006.
The company was acquired by payment processing giant Skrill for 140m in February 2013.