According to Ugnė Buračienė, Group CEO of payabl., this decision was spurred by the desire to make the life of payabl.’s growing team at its Limassol HQ easier and reduce the burden of having to purchase and maintain a personal car, which is the main mode of transportation in Cyprus.. This is beneficial both for international colleagues who have moved to the island and locals, who can minimise the tear of their own car, if they have one.
“At payabl. we pride ourselves on the close attention we pay to our clients’ individual needs, so paying the same level of attention to the valuable members of our team, is only natural. This is why, unlike other companies, we are placing no restrictions on how the cars are used - people are free to take their kids to football practice, drive to the beach or even take a road trip across the beautiful island of Cyprus,” explains Ugnė Buračienė, group CEO of payabl.
Brand-new cars will be provided to every payabl. employee in Cyprus who have passed their probationary period, regardless of their position or tenure.
“It’s hard to navigate Cyprus without a car, and although I had plans to purchase a vehicle in the next few years, this will make my life and the life of my family much easier. I simply can’t wait to explore the island and get to work quicker each day,” says Theodoros Xanthopoulos, AML officer at payabl., who moved to Limassol in 2021.
payabl. wanted its company fleet to reflect the brand’s core values of quality and efficiency, and that’s why it chose BMWs – a German car that is globally recognized for its reliability and design. The vehicles are tastefully branded with a holographic logo and a QR code that curious passers-by can scan to learn more about payabl. This particular design is uncommon in Cyprus, and the company’s management believes it will attract attention and draw potential talent in an increasingly competitive market.
payabl. is an EU-regulated FinTech, licensed by the Central Bank of Cyprus. The company provides online payments, payment accounts, and prepaid cards to international businesses. For over ten years, it has supported the business growth of their clients by allowing them to accept and process payments easily, securely and globally. The company’s team is over 120 people strong with the largest office in Limassol and offices in Frankfurt, London, Milan, Vilnius and Amsterdam.