×
  PayQ Limited

International House,
12 Constance Street,
London E16 2DQ,
United Kingdom.


  Sales Support

 sales@payq.eu


  Customer Support

 care@payq.eu


  General Enquiry

 hello@payq.eu


flag   +44-1213-680-164

flag   +1-800-980-1819


© 2018-2020. PayQ Ltd. All rights reserved.

Our Recent Posts

THE FINTECH CHANAKYA SHIBABRATA BHAUMIK ENTERS INDIA AT THE MOST OPPORTUNE TIME

Fintech lending began to emerge in India around 2014 and soon mushroomed into a rapidly expanding ecosystem. But what is missed is the extent to which the rise of fintech has catalysed broader changes in the economy. Fintech will help unlock Bharat and India will emerge as cashless economy and enhancing financial inclusion.

The game of entrepreneurship has changed substantially during COVID19 and players have to change their game plan post COVID19.

Today we feature, the success story of London based Fintech Start PayQ which has grown exponentially on adoption of new territory starting from United Kingdom to diversifying its merchant acquisition to European Union and then stepping to Indian Market and its founder Shibabrata Bhaumik who is at the interesting crossroad with economic growth slowing down and consumer demand in India got tempered.

PayQ’s entry to India comes at a very opportune time. During the lockdown, several questions have been raised about the readiness of the Indian grassroots system to allow its small businesses to participate in an end-to-end digital ecosystem that powers content, transactions and finally, payments and fulfillment. With this one move, PayQ have clearly sent out signals to take on the giants in the payments, content and ecommerce spaces, simultaneously.

PayQ’s digital payment platform also includes digital billing to even geotagging, Shibabrata believes that merchant digitization business will boom when the lockdown eases. PayQ also deals with merchant account for high risk businesses like payment gateway for tech support, Merchant account for Pharmacy and aims to go beyond the traditional payment method to revolutionize the e-commerce industry.

While Paytm, Google Pay, Naspers-owned PayU and other players were aggressively trying to rope in small businesses on their platform, as B2B doesn't bleed the business, the big scramble is for over 60 million small businesses. PayQ and Shibabrata is trying to get them hooked to the PayQ payment gateway and then offering them a host of services, including loans, and easy payment acceptance and settlement to small businesses incuding Kirana shops and that would lead to an intense battle, where incumbents could face the heat.

In style and philosophy, Shibabrata Bhaumik, the 36-year-old founder and CEO of PayQ, is in the camp of the financial anarchists. He sits, jammed alongside Developers, Payment Technology Experts and Data Scientists, in a row of tiny desks resembling library carrels and he prefers to sit and work with the team around their desk not like a typical CEO with fancy cabin. He wears a black Business Tuxedo, Classic Red and Black Check Tie, black pants and gloss polished black formal shoes. He talks about a brave new world in which we are liberated from the shackles of giant banks and government-controlled money supplies. The CEO of PayQ, Shibabrata Bhaumik is a young first generation entrepreneur, who has developed application programme interfaces (APIs) for India’s ambitious Unified Payments Interface (UPI), it has been an enriching experience. “Working with the government is not so difficult,” he says. “Your credibility depends on your delivery of performance. The payments landscape is going to change fundamentally".

During an expansive interview, this usually reserved and the press-shy entrepreneur declares why he got into this business: “I wanted the world to have a global, open financial system that drove innovation and freedom.” In the following business model, though, Shibabrata fits in with the pinstriped financiers working down the block.

Born at Kolkata, India to an engineer Father, Shibabrata displayed an entrepreneurial streak as early as grade school. He recalls being hauled into the principal’s office on charges of operating a candy-reselling venture on the playground. The business flings continued with a scheme to resell used computers and, after he earned a master’s degree in 2006 in International Business.

In 2012, Shibabrata read the manifesto by a European Union Bank that proposed card payments of Visa, Mastercard & the future Fintech companies will have limitless possibilities and bitcoin as an underground currency. Its transactions are recorded on a ledger called the blockchain, maintained in duplicated computer files by a band of self-appointed guardians called nodes. The nodes are kept honest, and troublemakers at bay, by requiring a participant in the network to engage in some arithmetic busywork before certifying a batch of transactions.

The busywork, called mining, did not interest Shibabrata. But he did see an opportunity in the business of safeguarding the keys to the coins and setting up transactions. Working weekends and late nights, Shibabrata and his Developing Team created a Payment gateway to process high volume transactions and connected the nodes with the acquiring bank and launched the first payment portal in 2014 later sold it an EU Bank.

Few Venture capitalists from Russia and Germany, showered 5 million USD on Shibabrta’s innovative approach in 2017 and motivated him to create PayQ, a unique high-risk merchant account company whish uses cryptocurrencies and blockchains to build transaction networks for corporations.

Crypto has been condemned as rat poison by Warren Buffett, as a fraud by Jamie Dimon and the mother of all scams by doomsday economist Nouriel Roubini. Where’s the payoff to the economy?

It’s coming, Bhaumik says. He posits a future in which thousands of startups use crypto to raise capital in a global marketplace no longer controlled by Wall Street firms. Within a decade, he predicts, the number of people participating in the blockchain economy will explode from 50 million to 1 billion. We are destined to enjoy a financial system that is “more global, more fair, more free and more efficient”

News Source :

FORBES-UK Fintech PayQ uses sandboxes for Digital loans to Kiranas

HINDUSTAN TIMES-Fintech start-up PayQ, led by Chanakya Shibabrata Bhaumik, enters India

LOKMAT NEWS-PayQ Power SMEs to Kirana, enables digital billing to Geo tagging

YAHOO NEWS- PayQ Power SMEs to Kirana, enables digital billing to Geo tagging

ANI NEWS-PayQ Power SMEs to Kirana, enables digital billing to Geo tagging

         

Customer Support

  hello@payq.eu

 160 Kemp House, City Road,
London EC1V 2NX, United Kingdom

Visit the helpdesk

PayQ Flag +1-800-980-1819

PayQ Flag +44-1213-680-164

PayQ Unbeatable Performance
Worldwide Acceptance PayQ

At PayQ, there is no such thing as good enough, it just has to be the best!

With PayQ, it’s always about pushing your limits. You don't come to PayQ unless you're really good at what you do. The reason you're here; the reason you were hired is because you're at the top of your field or you have the potential to grow in the payment industry.

Read more

We understand winning is more important than individuality!

We understand winning is more important than individuality We work as a team with our valued merchants. Most importantly, we don’t hide behind email. Our award wining customer support team would love to say hello and will always help you. Apply now and go live instantly.

Read more