Bruce Lowthers joined Paysafe as its CEO in May, 2022. He also serves as Executive Director on the Paysafe Board.
A high-profile payments and fintech executive, since joining Paysafe Bruce has been focused on driving growth and has made a number of significant changes to date. These include re-setting the company’s growth strategy; simplifying its organizational structure from five business units to two i.e., Merchant Solutions and Digital Wallets; and recruiting significant talent into the company to focus on customer experience, product innovation and creating a sales culture. These changes have already returned Paysafe to growth and created new momentum that the team is building on.
Before Paysafe, Bruce spent 15 years at FIS, a Fortune 250 company operating in the merchant solutions, banking and capital markets. While at FIS, Bruce most recently served as President, responsible for growing the $15B revenue global organization with over 65,000 employees. In this role, Bruce was credited with accelerating the speed to market of innovative new products and services, heightening cross sell opportunities, and strengthening the overall client experience. Earlier executive roles in FIS saw Bruce leading and modernizing some of the company’s largest businesses including the Banking, Merchant Solutions and Payments businesses.
Before FIS, Bruce was an executive at eFunds, an electronic payments company, where he was responsible for all payment and risk products. Before eFunds, he was a serial entrepreneur and successfully co-founded and led four start-up companies and two payments industry associations - American Transaction Processors Coalition (ATPC) and Payments 20 (P20), the global payments body.
In 2020, Bruce was named Business Unit Transformation and Operational Excellence President of the Year. The year before, he was named Executive of the Year in the BIG Awards for Business, and he has also been recognized as Operations Executive of the Year by the Best in Biz Awards in 2018 and 2019.
Bruce holds a bachelor’s degree in business administration from the University of Massachusetts – Lowell and began his career as a certified public accountant.