Paysafecard CEO and co-founder steps down
Michael Mueller leaves Austria-based payments company as Udo Mueller takes over the role of CEO
The co-founder of payment solution provider Paysafecard Michael Mueller has 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.
“After 14 years of building and developing the company, my decision to leave paysafecard has not been an easy one. Currently, we enable one billion people worldwide to pay online without a credit card or bank account,” said the outgoing CEO.
“The company is now entering a new chapter in its history, at a time where continued growth in online payments and new technologies are having a profound impact on what businesses and consumers require when it comes to online transaction,” he added.
Last year payment processing giant Skrill acquired paysafecard for 140m, described at the time as its biggest takeover to date.
“The continuity on the board of paysafecard ensures that the company’s success story will continue, based on ongoing innovation and a deep understanding of the needs of both consumers and merchants,” said Siegfried Heimgaertner, CEO of Skrill Group.
“I am confident that paysafecard’s position as Europe’s most popular prepaid solution for transacting online will be expertly supported by a great product and a strong and experienced team,” he added.