Paysafe bags new CTO from Barclays

Written by Ruby Hinchliffe
17th February 2020

Paysafe, a multinational prepaid payments processor, has bagged a new chief technology officer (CTO) from Barclays.

Sujit Unni, most recently managing director for Barclays’ UK business and lending platforms, will head up the UK-founded paytech’s technology strategy from London, reporting to group chief information officer (CIO) Roy Aston.

Sujit Unni

Last month, Paysafe made tracks with Google as the Big Tech added paysafecard, the paytech’s eCash solution, to six more European countries’ Google Pay Stores including Switzerland, Italy, Portugal, and the Netherlands.

As part of his new role, Unni will presumably oversee this distribution of Paysafe’s technology to new markets. Prior to Barclays, Unni spent senior stints at Vantiv, JP Morgan, Travelex and HSBC.

“I’m confident he will be a real asset to our technology leadership team as we drive forward our vision of being the world’s leading specialised payments platform,” says Aston. “Sujit’s wealth of experience in the payments industry and strong technical knowledge will bring huge value to the team.”

The new CTO believes Paysafe has “a really clear technology vision”. The company released a report a few days ago which explored the effects of 5G on the gaming industry – a sector Paysafe is firmly established in with long-standing partners such as G2 Esports.

The report found that 54% of players believe the arrival of 5G is likely to lead to more “in-play” bets on mobile devices, surveying 7,000 customers across US, UK and German markets.

“If the technology works every time and is reliable, I think the demand is going to be there and I think it’s a great opportunity for operators; it’s definitely going to grow business,” Paysafe’s chief business development officer Daniel Kornitzer tells Gambling Insider.

It seems Unni is joining at an exciting time for the company, when its existing technologies are growing with the biggest players on the market, and when new technologies round the corner such as 5G could see a massive boom for the company’s revenues.