Welcome to our dedicated page for Paysafe news (Ticker: PSFE), a resource for investors and traders seeking the latest updates and insights on Paysafe stock.
Paysafe Limited (NYSE: PSFE) is a global leader in integrated payment solutions, powering secure transactions for businesses and consumers worldwide. This dedicated news hub provides investors and industry professionals with essential updates about the company's strategic initiatives, financial performance, and technological advancements.
Access authoritative information spanning earnings announcements, partnership developments, product launches, and regulatory updates. Our curated collection aggregates official press releases, SEC filings, and market analyses to serve as your primary source for PSFE-related intelligence.
Key coverage areas include digital wallet innovations, eCash solution expansions, merchant service enhancements, and leadership updates. All content is verified for accuracy and timeliness, ensuring you stay informed about Paysafe's role in shaping the future of payment processing.
Bookmark this page for streamlined access to critical updates about one of fintech's most dynamic platforms. Check regularly for new developments affecting PSFE's position in global digital payments and financial technology sectors.
Chelsea FC has announced Skrill, a digital wallet powered by Paysafe (NYSE: PSFE), as an official partner for their pre-season US tour. Skrill will be the presenting partner for Chelsea's opening fixture against Wrexham AFC at Levi's Stadium on July 24th. The partnership allows global fans to use Skrill and Paysafe's paysafecard for payments at the Chelsea FC Online Megastore until year-end.
Skrill, founded in 2001, operates in over 130 countries and supports 260 payment types in 40+ currencies. Chelsea's Chief Revenue Officer, Casper Stylsvig, praised Skrill's agile approach to financial services. Rob Gatto, Paysafe's Chief Revenue Officer, highlighted how Skrill enhances fans' matchday experiences with quick and secure payment options.
Paysafe (NYSE: PSFE) reported its Q1 2024 financial results, showcasing an 8% rise in revenue to $417.7 million and a 7% increase in total payment volume to $36.1 billion. Net income reached $3.1 million, reversing a net loss of $3.8 million in Q1 2023. Adjusted net income climbed 7% to $35.3 million, while adjusted EBITDA grew 4% to $111.9 million. The company reduced its net leverage to 4.9x from 5.0x. Key initiatives included expanding the sales team, launching a Pay by Bank solution in the U.S. iGaming market, and integrating Mastercard’s Secure Card on File. Paysafe reaffirmed its full-year 2024 revenue guidance of $1,688-$1,712 million and adjusted EBITDA of $473-$488 million. Additionally, Paysafe reported progress in sustainability, releasing its inaugural report.
Paysafe (NYSE: PSFE) will have its Chief Financial Officer, Alex Gersh, participating in a fireside chat at the Barclays 14th Annual Emerging Payments and FinTech Forum on May 15, 2024. The event will be live webcasted and available on Paysafe's Investor Relations website.
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