Paysafe Pay Later, Paysafe’s Pay by invoice and instalment solution has been named gold winner in three German Stevie Awards: ‘Best New Product or Service’ ; ‘Company of the Year Financial Services’ and Claire Gates, CEO of Paysafe Pay Later was named ‘Manager of the Year Financial Services.’ Nicknamed the Stevies from the Greek word for ‘crowned’, the awards were presented on May 3 at a gala dinner at the Vier Jahreszeiten Kempinski Hotel in Munich, Germany.
The judging panel, made up of 50 executives, highly praised Paysafe Pay Later as an innovative solution for the growing e-commerce sector in Germany, highlighting its ability to support merchants by giving their customers the opportunity to pay on account. This, in turns, helps eliminate the risk of default on payments and protects both the consumer and retailer. They also commented on how the solution minimises the rate of abandoned transactions at check out, resulting in a positive impact on revenues. Research carried out by Paysafe among businesses in Germany, Austria, the US, UK and Canada last year showed that 41% of them were concerned by the challenge of abandoned transactions to their business.
Judges went on to praise Paysafe Pay Later’s CEO, Claire Gates, for her extensive industry expertise and influence on the next generation of women in the sector. Earlier this year, Claire was also named one of PaymentsSource’s ‘Most Influential Women in Payments in 2019’.
Commenting on the hat-trick of accolades, Danny Chazonoff, Paysafe’s Chief Operating Officer, said: “I’m so proud of this recognition for Paysafe Pay Later, one of our innovative tailored solutions for both online and brick-and-mortar retailers. These awards are also further proof of Claire’s strong leadership and the talent we have in our Paysafe team who have worked so hard to deliver this solution and others.”
Claire Gates, CEO of Paysafe Pay Later, added: “Winning not just one but three gold Stevie Awards is testament to the amazing work of our team. Nevertheless, at Paysafe Pay Later we do not stand still, and we will continue to grow and evolve our business and our offering.”
“We are delighted that the German Stevie Awards are once again recognizing outstanding and, above all, innovative winners,” said Michael Gallagher, president and founder of the Stevie Awards. “We extend our most heartfelt congratulations to all of this year’s Gold, Silver and Bronze Stevie Award winners.”
About the Stevie Awards
Stevie Awards (stevieawards.com) are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.
About Paysafe Group
Paysafe Group (paysafe.com) is a leading global provider of end-to-end payment solutions. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, card issuing and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of over US $80 billion, and approximately 3,000 employees located in 12+ global locations, Paysafe connects businesses and consumers across 200 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments.