Michael Mueller steps down as CEO of paysafecard

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Michael Mueller, CEO of paysafecard group, has announced his decision to leave the board of the company. Udo Mueller will take over the position of CEO.

Michael Mueller co-founded paysafecard group in 2000, with the aim of developing a safe and convenient prepaid method of payment for the Internet. The group became one of only a few leading internet and financial services companies, combining innovation with sustainable economic success.

Michael Mueller comments on his decision: “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. 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 transactions.”

Siegfried Heimgaertner, CEO of Skrill Group and chairman of the paysafecard group supervisory board concludes: ”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. 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.”

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