Having expanded operations across India, Europe and the Middle East over the past six months or so, QPS Global, the card issuance platform, is all set to expand its workforce.
It has a 40-strong team across its offices, including Dubai and London. As part of its expansion, the Company plans to hire 200 people, with major focus on hiring for its technology team in Bengaluru.
Focussing on technological advancement, it has invested 10 million pounds to set up office in London and about US$10 million to set up office in Dubai.
The Company is looking at a revenue of $100 million by 2023. It plans to expand across Nepal, Egypt, Bhutan, Bahrain and the UAE in the coming future.
In July 2021, the Company had announced that it would be expanding presence across Qatar, Oman, Saudi Arabi and Kuwait by March 2022.
With its secured open application programming interface (API) processing platform, QPS concentrates on the actual needs of the end users by enabling organisations to customise their unique card offerings.
A B2B service provider, QPS offers a fully-managed card issuance and processing platform, which is integrated with the banks as well as payment servers.
Founded by Vinay Kalantri in February 2019, the fintech startup has its headquarters in Mumbai and a back office in Chennai.