Payinstacard Hits A Milestone With New Office Launch In Hyd
The move to set up the new office underscores the company's rapid expansion and reinforces its dedication to delivering cutting-edge payment solutions to its users
Pachipala Doraswamy, Chairman, Sai Krishna, CEO, Nagesh Kotipalli, Chief Operating Officer, Payinstacard and others at the company’s new office inauguration in Hyderabad on Thursday
Hyderabad: Payinstacard, a leading fintech company, has officially inaugurated its new, state-of-the-art office in the heart of Gachibowli in Hyderabad, marking a significant milestone in the company’s growth trajectory.
The move to set up the new office underscores the company's rapid expansion and reinforces its dedication to delivering cutting-edge payment solutions to its ever-growing user base. In just six months, the company has surpassed impressive milestones, including reaching over 1,00,000 users and processing a Gross Transaction Volume exceeding Rs1 billion.
The company’s customer-centric approach, which prioritises low convenience fees and ease of use, has quickly made it a preferred choice for digital payments in diverse sectors such as utilities, rent, and education. To further enhance its accessibility, the company recently launched its services on the Google Play Store and Apple’s iOS Store, extending its reach to mobile users.
Speaking at the inauguration, Saikrishna, Founder CEO of Payinstacard, expressed his pride in the company’s rapid growth: “We are incredibly proud of the rapid growth and achievements of Payinstacard. Our commitment to innovation and customer satisfaction has enabled us to deliver exceptional payment solutions and experiences.”
The new office, is designed to accommodate the company’s expanding team, which has grown from 10 to 25 members in a short time. The company plans to scale its operations further and increase its workforce to 100 employees by the end of FY 2025-26. Co-founder and Chief Operating Officer, Nagesh Kotipalli, highlighted the importance of the new office space: “The new office will provide our team with a modern and collaborative workspace, fostering innovation and productivity. We are also committed to recruiting top talent from Tier 2 and Tier 3 cities and creating an inclusive work culture.”
Payinstacard has solidified its position in the market through strategic partnerships with leading banks, RBI-licensed payment aggregators, and its authorisation as an agent institution under the National Payments Corporation of India (NPCI). These strategic alliances, along with the company’s focus on advanced technology and robust security systems, ensure a seamless and secure payment experience for its users.
With its expansion and continued innovation, Payinstacard is poised to remain at the forefront of the digital payment sector, empowering individuals and businesses alike with seamless payment solutions.The opening ceremony was attended by key industry figures, including Pachipala Doraswamy, India Partner at Brandix India Apparel City (BIAC) and Chairman. The event also saw the presence of Sandhya Rani, board member and investor at Payinstacard.
