SafetyPay Mourns the Loss of President and Chief Executive Officer Manuel Montero

Originally posted on

SafetyPay™ announced that Manuel Montero, President and Chief Executive Officer, passed away yesterday after suffering a heart arrhythmia two weeks ago while on vacation in Europe. Mr. Montero was 67 years old.

“Our company has lost a talented, dedicated and passionate leader who made an indelible mark on the lives of his colleagues, family and friends, and we are deeply saddened by his death,” said Don Layden, a member of the Board of Directors of SafetyPay. “Manuel was a gifted and intelligent executive who not only founded and led the growth of SafetyPay, but acted as a respected mentor and inspiration to his team.”

Don Layden has been appointed interim CEO by the SafetyPay Board of Directors, which has commenced a search for a new CEO.

Prior to founding SafetyPay in 2007, Montero held numerous high level and executive positions within technology and financial organizations around the world. He served as chairman and CEO of, Inc., Latin America’s leading online and catalog retailer and was chairman and CEO for TNT Logistics in Spain and Portugal. Montero was a managing partner of Roland Berger, Europe’s leading management consulting firm and Deutsche Bank affiliate. He also worked as general manager of American Express Spain and Division Vice President of American Express, where he was responsible for the launch of the company’s Latin American business.

Montero leaves behind a wife, three children and two grandchildren.

About SafetyPay

SafetyPay is a real time online-banking payment solution that enables hundreds of millions of consumers to shop from merchants worldwide and pay directly from their bank account in their local currency. The SafetyPay solution is available in the USA, Europe, Canada and Latin America. SafetyPay guarantees no fraud and no chargebacks while supporting mobile, call center applications, e-invoices, pay-outs and promotions. To learn more about SafetyPay, visit



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