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Naspers Appoints Former PayPal Europe VP Laurent Le Moal as PayU CEO


PayU, a leading payment services provider within fast-growing markets, announces the appointment of Laurent Le Moal as its new CEO.



PayU operates in 16 growth countries and is part of Naspers, the leading global media and Internet group. Laurent Le Moal will lead PayU's strategy and development, building on the company's position worldwide and developing payment solutions which meet the local needs of both consumers and merchants.

Le Moal brings extensive knowledge of digital payments and emerging markets to PayU. He culminated an 11-year career at PayPal as VP for Continental Europe, Russia, Middle-East and Africa, leading the evolution of its consumer franchise across diverse geographies.

Naspers Group CEO, Bob van Dijk said: "Laurent's impressive entrepreneurial and business development experience leading multiple teams in diverse global markets is a perfect fit for Naspers and PayU. His understanding of digital payments in markets with long-term growth potential is a great asset to the PayU team and we are delighted to welcome him to the Group."

Laurent Le Moal, CEO of PayU, said: "I have always been impressed with the PayU team and its track record in addressing the opportunities and challenges in the global and local digital payments sectors. I'm looking forward to working with the team to continue to position PayU as an industry leader in markets across the globe."

About PayU
PayU is the leading online payment service provider in emerging markets, dedicated to creating a fast, simple and efficient payment process for merchants and buyers in 16 high growth countries in Asia, Central and Eastern Europe, Latin America, the Middle East and Africa. These markets represent a potential consumer base of over 2.2 billion people. The company has more than 1,400 payment specialists based in these local markets, constantly working to exceed PayU's 160,000+ merchants and the millions of consumers making online payments.
www.payu.com

About Naspers
Founded in 1915, Naspers is a broad-based multinational internet and media group offering services in more than 130 countries. Its principal operations are in ecommerce (i.e. classifieds, online retail, marketplaces, online comparison shopping, payments and online services), video-entertainment and print media. The group also has minority investments in listed, integrated social-network platforms Tencent (SEHK 0700) and Mail.ru (LSE: MAIL). Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ) and has an ADR listing on the London Stock Exchange (LSE: NPSN).
www.naspers.com

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