QisstPay, a Pakistan-based fintech startup that has created online tools for faster e-commerce checkout, opened its North American office in DFW on Monday, according to a news release.
The startup also launched its "1-Click Checkout" produce in the U.S. on Monday. Merchants can now sign up for the online checkout service.
The fintech has 150 employees worldwide. QisstPay's DFW location is currently at a co-working space at 2201 Spinks Rd. in Flower Mound, according to Tom Griffiths, Sr. Director of Global Marketing & Growth.
Griffths said if the location outgrows the space, the company would be planning to still stay in Flower Mound.
He said QisstPay currently has six employees in the U.S., four of which live in DFW. He said they will actively be hiring between 30 to 70 people in DFW over the next year.
Bloomberg reported that QisstPay plans to increase its workforce by 200 to reach 350 by the end of the year to support its expansion, he said.
The company said with its "1-Click Checkout", shoppers will be able to complete online purchases in just a few seconds. And for merchants, the company said the improved shopper experience should reduce cart abandonment and increase conversion rates, leading to more sales.
According to the release, merchants will instantly add multiple payment methods using the company's drag and drop checkout builder. And this can all be done without a code, saving time and money on development. Payment methods include credit and debit cards via payment gateways, "buy-now, pay-later" providers, digital wallets and financing options. Merchants will also have access to in-depth analytics, and the platform has built-in security, privacy and fraud monitoring tools.
In the release, Jordan Olivas, CEO & co-founder QisstPay, said the expansion to the U.S. and regional markets was in response to demand for the "1-Click Checkout" product.
"(It) ensures a fast, easy, and safe online checkout and is the future of online shopping since this is now more of a necessity and less of a luxury," Olivas said in the release. "The onset of Covid-19 transformed how we live, how we interact, and how we shop. The new normal dictates that we evolve and make the online shopping experience more convenient by eliminating the cumbersome checkout process, saving time and delighting customers."
