Payinstacard, an online platform that facilitates bill payments, has inaugurated its new office in Hyderabad, India.
The new office is designed to support the company’s expanding team, which has grown from ten to 25 members in a short period.
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With plans to scale operations, Payinstacard aims to increase its headcount to 100 employees by the end of the financial year 2025-26, reported Bizz Buzz e-paper.
Speaking at the inauguration, Payinstacard Founder and CEO Saikrishna stated: “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.”
Payinstacard co-founder and chief operating officer Nagesh Kotipalli commented: “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.”
The inauguration ceremony of the new office was attended by Brandix India Apparel City and chairman India partner Pachipala Doraswamy and Payinstacard board member and investor Sandhya Rani.
The move comes as the company reports, having reached over 100,00 users and processed transactions exceeding ₹1bn within six months.
Set up in 2022, Payinstacard offers a digital bill payments service across various sectors, including utilities, rent, and education.
The company recently launched its services on the Google Play Store and Apple’s iOS Store.
Payinstacard has formed partnerships with banks, RBI-licensed payment aggregators, and secured authorisation as an agent institution under the National Payments Corporation of India (NPCI).
