The Indian tech firm sets up global headquarters in London working with support from the Department for International Trade

·      Eyeing a revenue of USD 100 million globally in the next 2 years

QPS, the world’s leading card issuance and processing platform, today announced that it would be hiring more than 200 employees across verticals to support its aggressive expansion plans in the overseas market. Currently at a strength of 40 employees, QPS plans to double its workforce in key office like Dubai and London. Apart from that, major focus would also be given to expand its technology team which is based out of Bengaluru.

Speaking on this development, Vinay Kalantri, Founder & CEO – QPS Global said, “Launched in 2019, QPS Global is the new kid on the block in terms of Card Issuance operating across categories – Prepaid card, debit Cards and Credit cards. We have successfully disrupted the mould of the legacy infrastructure and rapidly becoming the partner of choice for multiple companies trying to adopt new and innovative technologies. In the last 6 months we have successfully expanded our business operations cross India, Europe and the Middle East. We are eyeing a revenue of USD 100 million in the coming 2 years.”

QPS is focussed on breaking the mould of this legacy ecosystem by constantly evolving its backend technology. With the help of world-class APIs along and a dedicated developer portal with a modern core banking platform, QPS provides an instantly accessible private sandbox environment for its clients. Companies could now have a modern card system showing real time data points on credit limits, reward points, transactions, etc. It also gives companies a unique plug-and-play model that would enable them to launch new features with absolute ease.

QPS has recently expanded its business operations across Europe by investing £10m and setting up an office in London. Post which, QPS also announced an investment of USD 10 million to expand its operations across the Middle East and setting up its office base in Dubai.

Vinay further added, “We have invested heavily in our technology team thereby creating a disruptive back-end stack that benefits our customers tremendously. Traditionally, if legacy platforms had to launch a new service, it would have taken them anywhere between 3-6 months to launch, test and execute their new offering. However, with our technology stack, our clients can now launch new products and services directly to their customers within 3-4 weeks. We offer a simple ‘plug-n-play’ solution to our clients that enables them to offer new services and increase their revenues.”

Going forward, the start-up is also looking at expanding its business operations across markets like India, UAE, Bangladesh, Nepal, Bahrain Egypt, KSA and Bhutan.