Paymentwall opens new R&D office in Kyiv to boost operations

Earlier this month Paymentwall, a global payment service provider with Ukrainian roots, but headquartered in San Francisco,  announced the opening of a new research and development office in Kyiv (Kiev). 

The move is explained by the recent launch of new products by the company. This requires to hire and accommodate new personnel, reported local tech blog AIN.UA, citing Paymentwall’s spokesman Yevgeny Petrov.

The new shiny 600-square meters office will be located in the central area of Kyiv, at the Carnegie Business Center, providing Paymentwall’s employees with an amazing view on the city. Paymentwall intends to invest 60 million hryvnias (around $2.3 million at the current exchange rate) in Ukraine this year.

The company is going to hire up to 100 new employees to be placed in the new office. Its newly hired team members will work on its recently launched products: ‘Terminal3,’ a platform for launching, promoting, and monetizing video games, and ‘FasterPay,’ an e-wallet and international payment system accepting payments via Visa, Mastercard, and bank transfers.

The first Paymentwall office opened in Kyiv in 2004 and still remains one of the main development centers of the company. At present, it accommodates more than 40 employees. The company has offices in 15 more locations: Bangalore, Beijing, Berlin, Hanoi, Lisbon, London, Manila, Moscow, New Delhi, Novosibirsk, Phoenix (Arizona, USA), San Francisco, Seoul, Shenzhen, and Sofia.

In 2019, Paymentwall plans to grow and scale up to 300 employees.

As reported by Ukraine Digital News, Paymentwall started out from a cooperation of American Honor Gunday and Ukrainian Vladimir Kovalyov in 2010. 

As estimated by Owler, Paymentwall generates $11.3 million in revenues and hires 209 employees. Its main competitors are Xsolla, PlaySpan and Digital River.

Topics: E-payments, International, Kyiv, Labor & HR issues, Payments & fintech, Regions
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