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 payments platform focused on payment processing, digital wallets, and online cash solutions for merchants and consumers. The Paysafe news feed on Stock Titan aggregates official press releases and third-party coverage so readers can follow how the company’s payments technology is applied across entertainment, gaming, trading, and other digital commerce use cases.
Recent Paysafe news has highlighted research into online sports betting behavior ahead of major tournaments, including its “All the Ways Players Pay: World Cup 2026” report, which examines how fans plan to place online bets and what payment features they prioritize. Other releases explore holiday shopping trends, the experience economy, and evolving preferences for debit cards, credit cards, digital wallets, eCash, and local payment methods.
Company announcements also cover commercial partnerships and product integrations. Examples include collaborations with cloud gaming providers to support local payment methods such as Pix and Boleto Bancário in Brazil, and agreements with online trading brokers to add Paysafe’s Skrill and Neteller digital wallets as alternative payment methods for traders. Strategic partnerships with technology firms are framed around combining payments expertise with AI-driven engineering and digital transformation capabilities.
Investors and observers can use this page to follow earnings-related press releases furnished on Form 6-K, research publications, partnership announcements, and capital markets updates such as information about the listing status of Paysafe’s warrants. Bookmark this news feed to monitor how Paysafe positions its platform in global entertainment sectors, online trading, and regulated online betting, and to see how consumer payment preferences and merchant requirements are reflected in the company’s ongoing communications.
Paysafe (NYSE: PSFE) has appointed Marianne Heiss as a new independent non-executive board director and member of the Audit Committee. Heiss, former CEO of BBDO Group Germany, brings extensive experience in finance, accounting, auditing, international management, brand building, and ESG to the Paysafe Board. She has a 27-year career at BBDO Worldwide, where she was the first woman to lead BBDO Group Germany. Heiss currently serves on the supervisory boards of Volkswagen AG, Audi AG, Porsche SE, and Flix SE.
Paysafe CEO Bruce Lowthers highlighted Heiss' expertise in finance, accounting, and global branding as valuable assets for the company's growth and business expansion. With Heiss' appointment, the Paysafe board now comprises 10 directors with diverse industry experience in payments, banking, technology, iGaming, entertainment, legal & regulatory affairs, capital markets, and M&A.
Paysafe (NYSE: PSFE) announced a significant leadership transition in its finance department. Alex Gersh, the current Chief Financial Officer, will move into an advisory role to the CEO effective September 4th, remaining with the company at least through the end of the year. John Crawford has been appointed as the new CFO, effective immediately, based in Paysafe's North American headquarters in Jacksonville, Florida.
Crawford brings extensive experience from his nine-year tenure at FIS, where he last served as Executive Vice President—Strategy, M&A and Venture Capital. His background includes leading over 25 deals that significantly contributed to FIS's growth. CEO Bruce Lowthers expressed confidence in Crawford's ability to guide Paysafe towards sustainable growth and long-term success as the company enters a new phase focused on scaling the business.
Paysafe's 'Inside the Wallet' report reveals significant changes in global consumer spending habits and payment preferences. 56% of consumers have altered their spending habits in the past year, becoming more price-conscious and demanding diverse payment options. Debit cards (53%) lead as the most frequently used payment method, followed by bank transfers (39%), credit cards (33%), and digital wallets (32%).
Security is crucial, with 54% of consumers prioritizing secure payment processes when shopping online. Interestingly, 36% of 18-43-year-olds are comfortable with AI in payments, compared to 33% of those 60 and over who are uncomfortable. The survey also highlights financial challenges, with 39% saving less than 6% of their income monthly and 14% not saving at all, largely due to increased living costs.
Paysafe's 'Inside the Wallet' report reveals changing consumer spending habits and payment preferences globally. Key findings include:
- 56% of consumers have altered spending habits from last year
- 43% abandon online carts if preferred payment method is unavailable
- 63% worry about losing cash as a payment option
- 54% prioritize security in online payment processes
- Debit cards (53%), bank transfers (39%), and digital wallets (32%) see increased usage
- 58% have made purchases through social media
- 36% of 18-43-year-olds are comfortable with AI in payments
Despite financial challenges, 60% of consumers remain optimistic about their financial future, with Gen Z showing particular confidence in early homeownership and retirement.
Paysafe (NYSE: PSFE) reported strong Q2 2024 results, with revenue increasing 9% to $439.9 million and total payment volume up 7% to $38.1 billion. The company raised its full-year revenue outlook, now projecting 7-8% growth. Key highlights include:
- Adjusted EBITDA rose 5% to $119.0 million
- Net loss narrowed to $1.4 million, or ($0.02) per diluted share
- Adjusted net income increased to $36.3 million, or $0.59 per diluted share
- Net leverage decreased to 4.8x
Paysafe's growth was driven by strong performance across all major product lines and execution of strategic initiatives. The company continues to focus on expanding sales capabilities, optimizing its portfolio, and enhancing its go-to-market strategy.
Paysafe (NYSE: PSFE) has partnered with Alchemy Pay to expand payment options for crypto purchases. The collaboration integrates Paysafe's Skrill and NETELLER digital wallets into Alchemy Pay's Fiat On-ramp solution, allowing users across 130 countries to buy cryptocurrencies using 40+ fiat currencies. This integration also includes Paysafe's open banking solution in the UK and 15 European countries, enabling direct bank account payments for crypto purchases.
The partnership enhances Alchemy Pay's payment solution by adding local payment methods (LPMs) with high brand recognition in specific markets, particularly in Europe. This expansion aims to reduce payment friction and abandoned transactions for crypto exchanges and Web3 companies. A second phase, expected later this year, will integrate more Paysafe payment options in other markets, including Latin America.
Paysafe (NYSE: PSFE), a leading payments platform, has announced its management team's participation in upcoming investor conferences. The events include:
- SIG Payments & Fintech Conference (virtual) on August 13, 2024, with CEO Bruce Lowthers and CFO Alex Gersh attending investor meetings.
- Needham Fintech & Digital Transformation Conference (virtual) on August 14, 2024, featuring CEO Bruce Lowthers in investor meetings.
- Needham Fintech & Digital Transformation Conference (virtual) on August 15, 2024, with CFO Alex Gersh participating in investor meetings.
These conferences provide Paysafe with opportunities to engage with investors and showcase its position in the payments industry.
Paysafe (NYSE: PSFE), a leading payments platform, has announced it will release its second quarter 2024 financial results on Tuesday, August 13, 2024, before the market opens. The company's management will host a live webcast to discuss the results at 8:30 a.m. ET on the same day.
Investors and interested parties can access the webcast and supplemental information through the investor relations section of Paysafe's website at ir.paysafe.com. An archive of the event will be available afterwards and remain accessible via the same link for at least one year.
For those who prefer to dial in, the conference call numbers are 877-407-0752 (U.S. toll-free) and 201-389-0912 (International).
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.