PAYQ DECLINES AN OFFER OF $10.8 MILLION TO MERGE WITH TOP 5 FINTECH GIANT

With over more than a million US Dollar monthly transactional revenue, PayQ, the new entrant as a global payment processor continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive payments globally.

Shibabrata Bhaumik

Lately, this company declined a massive financial merger with the top 5 US Fintech giant, the inhouse team reports the merger was estimated at $10.8 Million. The CEO and the founder of PayQ, Shibabrata Bhaumik says “we are blazing a trail of innovation and leading the payment industry, specially in high risk business portfolio like Airlines, Pharmacy, Online IT based businesses & Hotel Booking. Our success is widespread and well known which we have achieved in a very short span of time by penetrating the major markets. At this stage, even I won’t be able to evaluate the actual worth of PayQ, it might be much more pricy than it has been evaluated as on date.

Shibabrata Bhaumik

“Just look at my history – when founding PayQ, I was roundly dismissed… there’s no future in e-commerce, they would say; it’s not a profession that’s going to be conducive to an honest, worthwhile living. But looking at us now and the indicative amount of daily transactional volume, we are helping thousands of clients in expanding their businesses worldwide and make their digital payment solutions easier than ever before, and it all started from small origins,” said Shibabrata Bhaumik

Shibabrata Bhaumik

He continues, PayQ did not reach a multi billion-dollar net worth by overnight; some might consider it as a over night success, however it involves lot of perseverance, team work and strong rooted dedication to develop a payment platform that can process multiple payment across the globe in a fraction of second in an absolute seamless environment. Every business has its peaks and valleys, but with more opportunities, you’ll have higher peaks and fewer valleys.

As recorded by UK Financial conduct, PayQ is processing 60 Million USD annually across the globe and is estimated to reach 100 Million USD in the next fiscal year, establishing itself as dominant financial global company which may qualify for a Nasdaq listing if the company goes public by this year end.

Witnessing the phenomenal success and exponential growing company, it might not be wrong to say the decision of declining the merger was very thoughtful and astutely certain.

Shibabrata says, its not only about making money, its more about the passion how the team is working day and night to grow PayQ. It is the energy and emotional investment that we have capitalized on PayQ to what we have developed it so far and we are still evolving and integrating it with new technologies and multiple banking partners worldwide.

My aim is to reach every part of the world and touch their local payment system along with the general payment methods like Visa , Master Card or Amex.

What we do is very unique with our state of the art technology, which is all-in-house without outsourcing anything outside PayQ edge, in addition to that our payment platform is multi lingual, multi currency, our processing engine is one of the best in payment company which is proficient to process endless payments in every fraction of second seamlessly and swifter than any traditional banks.

Our business acquiring team and underwriter can accommodate most of the businesses based on their business structure, which the traditional banks or Fintech Giants decline to onboard.