Philip McHugh joined Paysafe in June 2019 as its CEO.
With extensive experience of the global banking and payments industries, Philip has an executive leadership career spanning more than 20 years. Before Paysafe, he worked for TSYS, a global payments provider, where he was responsible for heading up their merchant solutions division. During his time at TSYS, McHugh played an instrumental role in growing TSYS’ overall revenues and profits by over 30%. His specific achievements included the acquisition and full integration of two businesses – Cayan and iMobile3; and the creation of a more dynamic, results-driven product delivery and technology culture, including the upgrade of TSYS’ integrated platforms and the market launch of its Vital smart POS product lines.
Prior to TSYS, McHugh spent over ten years working for Barclays in London where he held several senior roles, including Global CFO of Barclaycard and CEO of Barclaycard Business Solutions. During his time with Barclaycard, he was part of the leadership team that more than doubled the size of the business over a five-year period through the implementation of various growth initiatives. These included the rapid expansion of the US business, and the transformation of the UK payments businesses through new platform investments and the introduction of virtual credit card and contactless solutions, ultimately helping Barclaycard to regain its position as the number one card issuer in the UK.
Before Barclays, McHugh spent ten years with Citi (formerly Citigroup) working in both Latin America and the U.S. His accomplishments while at Citi included leading multiple card portfolios in Brazil (Diners, Platinum, AAdvantage), running the company’s data analytics and successfully leading the finance function for Citi’s International Personal Banking division.