Naspers taps PayPal veteran to lead payments unit

• Media giant Naspers (OTCPK:NPSNY -7%) has named Laurent Le Moal, former EMEA VP for PayPal, as the CEO of its PayU payment provider unit.
• Le Moal finished an 11-year career at PayPal in charge of Continental Europe, Russia, Middle East and Africa, and Naspers plans to tap his "understanding of digital payments in markets with long-term growth potential."
• He'll lead strategy and development at PayU, "developing payment solutions which meet the local needs of both consumers and merchants."