PayFuture, the innovative payments technology platform connecting global businesses with emerging markets, has appointed Praful Morar as Deputy CEO.
Praful is a seasoned payments leader with more than 40 years’ experience. He joins PayFuture at a pivotal moment, as the company accelerates its global strategy and explores new avenues for growth.
Praful brings unparalleled expertise in traditional and fintech-driven global transactional banking, with a specialisation in global e-commerce payments. He has a strong track record of building and scaling companies internationally, transforming their propositions into truly global solutions. His extensive payments experience spans the UK, Europe, Asia, LATAM, and the Middle East/North Africa, with a deep expertise in global acquiring, alternative payment methods, banking, major card schemes and local regulatory licensing.
As Deputy CEO, Praful will advise on PayFuture’s expansion strategy, as it targets high-growth underserved markets across the Middle East, Africa, South East Asia, and Latin America. Strengthening PayFuture’s offering will be a priority, leveraging its existing technology infrastructure while exploring additional global licenses to enhance cross-border payment capabilities.
Strategic acquisitions are also on the cards for Praful, enabling PayFuture to fast-track growth, enhance its technology and service offerings, and solidify its position as a leader in global payments.
Praful commented: “The potential at PayFuture is extraordinary. Its founders Manpreet and Zaki have instilled a huge energy, ambition and innovation into the company that really drew me in. They’ve built something truly exceptional - scaling globally without external funding proves its resilience and market fit. My goal is now to unlock new opportunities, drive expansion, and cement PayFuture’s position as the go-to paytech provider for global merchants seeking access to emerging markets.”
Manpreet Haer, CEO and Co-Founder of PayFuture, commented: “Praful’s proven track record in scaling payment businesses and navigating complex regulatory landscapes speaks for itself. His expertise aligns perfectly with our vision, making his appointment a true game-changer for PayFuture. With his extensive experience, strategic mindset, and passion for innovation, he’s the ideal fit to lead us into the next stage of growth.”
Founded in 2019 by London entrepreneurs Manpreet Haer and Zaki Farooq, PayFuture has grown into a global business with offices spread across London, Dubai, Malta, and the Philippines.
Praful’s appointment signals a new era for PayFuture. With a focus on optimising operation, building high-performing teams, and strategic initiatives, PayFuture is poised to strengthen its role as the gateway between global merchants and the world’s fastest-growing markets.
Praful concludes: “I see PayFuture evolving into a powerhouse in the global payments industry, and I’m excited to contribute to shaping that journey. With a clear vision of where I want to help drive the business, I’m eager to help make it happen.”