Meet the PayU Leadership Team

Laurent Le Moal

Laurent le Moal

Chief Executive Officer

Laurent was appointed CEO, PayU in January 2016 and is a member of the Naspers Executive Team. He is responsible for developing our global fintech proposition, including all payments and credit operations across 18 high-growth markets as well as all strategic fintech investments. 

Laurent has recently guided the company to profitability and PayU's volume of payments (TPV) has doubled in the last two years to nearly $30 billion. He has secured more than $350 million of investments in fintech partnerships and acquisitions, notably Citrus Pay in India, Kreditech in Germany and Remitly in the US, where he is also a member of the board. 

Laurent brings extensive knowledge of digital payments and emerging markets to PayU. He worked eleven years at PayPal, concluding his career there as Vice President and General Manager for Continental Europe, Russia, Middle East and Africa. 

Laurent previously worked as a business analyst at McKinsey and in 1999 founded TalentManager, a leading recruitment software provider. There he spent three years successfully growing the business before selling the Italian operation. 

Laurent holds an MBA from the London Business School and is a graduate of Bocconi University in Italy and HEC in France. 

PayU CFO Aakash Moondhra

Aakash Moondhra

Chief Financial Officer

A Chartered Accountant and Company Secretary, Moondhra is also an MBA from the Southern Methodist University - Cox School of Business, in the US with Beta Gamma Sigma Honors. Previously, he worked as the CFO of Snapdeal, where he was also responsible for Legal, Corporate Affairs, Internal Controls and Risk. During his time at Snapdeal, Moondhra contributed to their 100X growth in GMV, raised USD 1 billion from marquee investors and closed multiple acquisitions. Over the last 20 years, Moondhra has worked with ANZ Grindlays Bank, Andersen Consulting, AT&T and Bharti Group in various roles and even spent time as an entrepreneur selling readymade kitchens in India.

PayU CCO Matthias Setzer

Matthias Setzer

Chief Commercial Officer

Matthias joined PayU as the Chief Commercial Officer in October 2016. In this role he is responsible for PayU’s cross-border business, global sales, key accounts, strategic partnerships and marketing & PR. Before joining PayU, he worked with PayPal for over 12 years in various roles, most recently as their Senior Director Strategic Partnerships & Biz Development EMEA, based in Luxembourg. Matthias holds a Masters degree from WHU in Vallendar, Germany.

PayU CEO Latam Jose Velez

Jose Velez

Chief Technology Officer

Vélez studied economics and completed a Masters degree in Computer Science, graduating first in his class. He attended the ECLA programme for Latin American entrepreneurs at the Columbia Business School in New York, with an emphasis on operations and operational excellence. He is one of the founders of Pagosonline – a payments company originally from Colombia, which was later acquired by Naspers and became part of PayU. In 2011, he was selected as an Endeavour Entrepreneur and in 2012 won the MIT’s TR35 Award – a token of recognition for young and innovative entrepreneurs.


PayU EMEA CEO Mario Shiliashki

Mario Shiliashki

Chief Executive Officer, EMEA

Mario Shiliashki was appointed CEO of PayU EMEA in October 2015. Before joining PayU Mario was Senior Vice President and Group Head of Global Emerging Payments at MasterCard. Prior to MasterCard, Mario was the Managing Director of PayPal in Asia, where he launched PayPal in Japan, Singapore, Malaysia, India, Thailand and Vietnam, growing the business to over $100M in revenue. Mario is an advisor to Metamorphic Ventures in NYC and loves helping early stage businesses. In his early career, Mario was an equity analyst at Goldman Sachs and subsequently a strategy consultant at Bain. He holds an MBA from Harvard Business School and a Bachelor of Science degree in Finance and Economics from Bryant University.

PayU India CEO Amrish Rau

B. Amrish Rau

Chief Executive Officer, India

Former co-promoter and Managing Director of Citrus Pay, a leading consumer payments company, Amrish came on board as CEO of PayU India following Citrus Pay’s acquisition by PayU in September 2016. Amrish holds a Bachelor’s degree in Engineering and has previously held leadership roles at several reputed organizations. He was the General Manager of ASEAN Region at NCR Corporation, going on serve as the Vice President and Country Manager of First Data Corporation, one of the largest electronic payment services companies in India. He went on to become the CEO of the organization, overlooking First Data Merchant Solutions in Asia. He brings a wealth of experience and expertise, having worked with large banks as well as Indian telecom service providers.

Photo of Patrick Ellis, PayU General Council

Patrick Ellis

General Counsel

Patrick was appointed General Counsel of PayU in April 2015. He is responsible for legal, compliance, regulatory and public policy, and is a South African qualified lawyer who has worked both in private practice and in-house in South Africa, the United Kingdom, Australia and Dubai. Prior to joining PayU, Patrick was the head of legal, corporate and institutional for Standard Chartered Bank in the Middle East and Africa. Over the last 20 years Patrick has worked predominantly in the banking and finance sector and has worked with JPMorgan, BNP Paribas, Franklin Templeton Investments and Weil Gotshal & Manges.