LONDON, May 29, 2025 /PRNewswire/ — Wirex Limited, a UK-regulated payments platform and card issuer, has appointed Chet Shah as its new Chief Executive Officer. After three impactful years serving as the Chief Risk & Compliance Officer (CRCO), during which he assembled a top-tier team and considerably enhanced the firm’s risk and compliance capabilities, Chet is now set to steer the company towards a future marked by growth, responsibility, and innovation.
Wirex Limited Names Chet Shah as CEO
This appointment underscores Chet’s remarkable commercial and regulatory expertise at a pivotal moment when the UK payments sector is experiencing swift innovation amidst heightened regulatory scrutiny. Following the company’s tenth anniversary, founders Pavel Matveev and Dmitry Lazarichev expressed their unwavering confidence in Chet’s ability to lead Wirex Limited into its next phase. “Chet’s profound grasp of both the regulatory landscape and business strategy has already made a significant impact at Wirex Limited. His elevation to CEO is a natural evolution, and I am fully confident that his guidance will unlock the company’s complete potential as we strive for new milestones,” stated Pavel Matveev, Co-Founder of Wirex. “I am grateful to Pavel and Dmitry for their commitment to building a strong business, and I eagerly anticipate guiding Wirex Limited through its upcoming growth phase. The UK represents a crucial market for Wirex, and my primary objective will be to collaborate with key stakeholders to ensure we provide a top-notch suite of products and services,” remarked Chet.
A Bold Strategic Plan for a Competitive Market
The UK payments landscape is marked by its dynamism, competitiveness, and rapid evolution. Under Chet’s direction, Wirex Limited aims to emerge as a formidable player—one that is secure, sustainable, and strategically positioned. In response to the forthcoming opportunities and challenges, Chet has introduced a Strategic Business Plan centered around five fundamental pillars:
– Strategic Growth
– Customer Service Excellence and Trust
– Regulatory Compliance
– Environmental, Social, and Governance
– Stakeholder Communication
Each of these pillars is crafted to empower Wirex Limited to broaden its reach, enhance customer trust, and stimulate innovation while adhering to a compliant and responsible framework. “The UK payments sector is rich with talent and innovation. As CEO of Wirex Limited, I am thrilled to lead the organization as it navigates this complex landscape with the ultimate aim of establishing Wirex Limited as the premier UK Electronic Money Institution for customers,” Chet stated.
Growth with Purpose
Wirex Limited’s strategic plan emphasizes the sustainable growth of its offerings. Leveraging its strengths, the company intends to roll out new features that connect traditional finance with innovative solutions, all while maintaining regulatory integrity. Customer service will be improved, focusing on operational excellence and providing educational resources. A Customer Transparency Report will be regularly published to ensure accountability. “After successfully assembling a team of highly skilled risk and compliance specialists, I am eager to apply my expertise and knowledge to elevate Wirex Limited into a highly respected, safe, and sustainable entity, trusted by employees, customers, and regulators alike,” Chet expressed.
Looking Ahead
With Chet Shah at the helm, Wirex Limited is well-positioned for sustainable, long-term success. His leadership marks a renewed commitment to innovation, transparency, and customer trust—ensuring the company not only expands but also establishes a new benchmark for excellence within the UK payments sector.
Notes to Editors: About Wirex
Wirex Limited is a segment of Wirex Holdings and is recognized as a leading UK-based digital payments platform, boasting over 6 million customers across 130 countries. It provides secure accounts that facilitate the seamless storage, purchase, and exchange of multiple currencies. As a principal member of both Visa and Mastercard, Wirex transcends traditional services, engaging with the evolving trends of Web3 to offer mainstream access to digital finance and wealth management. Having processed transactions amounting to $20 billion, Wirex aims to advance the transition to a cashless society by enabling straightforward transactions in various currencies globally. Wirex is committed to simplifying digital payments, making them more accessible and convenient for users around the world.
