Simona Covaliu appointed new CRO of PayU GPO

PayU GPO Appoints Simona Covaliu as Chief Risk Officer (CRO)

Key Highlights:

1. New Appointment:
   • Position: Chief Risk Officer (CRO)
   • Appointee: Simona Covaliu
   • Responsibilities: Leading compliance, risk, privacy, and security teams
2. Company Context:
   • Importance: Increased synergies within the risk team essential for smooth product development and implementation
   • CEO’s Statement: Daniel Cohen highlights Covaliu’s experience with regulators and deep understanding of the fintech landscape
3. Simona Covaliu’s Background:
   • Previous Roles:
     • Chief Risk and Compliance Officer at Uber Payments
     • Senior Risk Manager at Booking.com
     • VP of Risk and Compliance at Mambu
4. PayU GPO Overview:
   • Operations: Deploys over 400 payment methods and PCI-certified platforms
   • Transaction Volume: Handles around 10 million payments daily
5. Recent Acquisition:
   • Acquirer: Rapyd, a London-based fintech-as-a-service provider
   • Former Owner: Prosus, a Dutch consumer internet group
   • Sale Value: $610 million
   • Purpose of Sale: To focus on the payments and fintech opportunity in the Indian market