At the recent #GlobalFintechFest, PM Modi highlighted the transformative impact of the PM SVANidhi scheme on street vendors and small businesses. #PayNearby is proud to play a crucial role in this initiative as one of the official partners entrusted with providing QR codes for street vendors. #PayNearbyBharatGateway Ministry of Rural Development, GoI, Ministry of Women & Child Development, Ministry of Housing and Urban Affairs, Anand Kumar Bajaj, Subhash Kumar, Yashwant Lodha #DistributionasaService #BranchlessBanking #ChaloBharat #PMSvanidhi #FinancialInclusion #PayNearby #GlobalFintechFest2024 #EmpoweringSmallBusinesses
About us
Incepted in April 2016, PayNearby is India’s leading branchless banking and digital network. PayNearby operates on a B2B2C model, where it partners with neighbourhood retail stores and enables them with the tools to provide digital and financial services to local communities. The company aims to simplify high-end technology so that it can be easily assimilated at the last mile while transforming the lives of its retail partners and customers. Today, PayNearby, through its tech-led DaaS (Distribution as a Service) network is capable of servicing 93% of Bharat. From Muzaffarpur to Maldah and Raichur to Rajnandgaon, including Khagaria, PayNearby has successfully enabled the availability of 25+ services, including services like cash withdrawal, remittance, Aadhaar Banking, bill payment and recharges, savings, e-commerce, lending, travel, digital payments, insurance and more. PayNearby’s million-plus micro-entrepreneurs across 20,000+ PIN codes assist 30+ crore customers across the country. In the 115 Aspirational Districts, identified by NITI Aayog as the most backward districts of the country, PayNearby plays a crucial role in servicing financial and digital inclusion worth ₹1100+ crores per month. Our Digital Pradhans have evolved into community managers, transforming the lives of local communities across Bharat. PayNearby’s mission is to make financial and digital services available to everyone, everywhere.
- Website
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http://paynearby.in/
External link for PayNearby
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Mumbai, Maharashtra
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Distribution as a Service, Lending, Ecommerce, Livelihood, Insurance, Banking, Savings, Travel, Meta Commerce, Brand Shop, Credit, PayNearby Mall, and Cash Management Solutions
Locations
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Primary
1st Floor, Arena House, Rd Number 12, Marol MIDC Industry Estate, Andheri East
Mumbai, Maharashtra 400093, IN
Employees at PayNearby
Updates
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We wish you a very Happy Ganesh Chaturthi. #PayNearbyBharatGateway #GaneshChaturthi #ChaloBharat #BharatGateway #PayNearby
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PM Modi acknowledged the resilience of India's banking system during the #COVID pandemic. At #PayNearby, we ensured uninterrupted banking services through our last mile digital warriors--our 1.2 million Digital Pradhans--helping customers navigate challenging times with ease. Our commitment to keeping essential financial services available underscores our dedication to supporting communities through every crisis. #PayNearbyBharatGateway #DistributionasaService #BranchlessBanking #ChaloBharat #BankingDuringCOVID #FinancialResilience #PayNearby #GlobalFintechFest2024
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We wish all the mentors a very Happy Teacher's Day. #BharatGateway #PayNearby #TeachersDay2024
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PM Modi highlighted the importance of extending banking services to every corner of Bharat. At #PayNearby, we are proud to be at the forefront of this transformation, making banking accessible anytime, anywhere. #PayNearbyBharatGateway Video Courtesy: Narendra Modi/Youtube Anand Kumar Bajaj, Subhash Kumar, Yashwant Lodha #DistributionasaService #BranchlessBanking #ChaloBharat #DistributionasaService #BranchlessBanking #ChaloBharat #LastMileBanking #FinancialAccessibility #PayNearby #GlobalFintechFest2024 #BankingForAll
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We are excited to announce that Nilesh Halde, Chief Product Officer, PayNearby, will be joining industry leaders at the Branch - Leaders in Mobile Growth event in Bangalore! This event is a fantastic opportunity to explore how key figures in the industry are shaping the future of mobile growth. To register click: https://lnkd.in/du8-pPRJ #LeadersInMobileGrowth #MobileGrowth #PayNearby #Innovation #IndustryLeaders #BangaloreEvents
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At #PayNearby, we are building social capital for women through creation of sustainable self employment opportunities. Our mission 2030: 2+ crore Lakhpati Didis, powered by #DigitalNaari App #PayNearbyBharatGateway #DigitalNaari Ministry of Rural Development, Ministry of Women & Child Development, Ministry of Housing and Urban Affairs, Anand Kumar Bajaj, Subhash Kumar, Yashwant Lodha, Jayatri Dasgupta, Dhivya Ravi, Arpit Shah Video Courtesy: Narendra Modi/Youtube #BCSakhi #DigitalNaari #WomenEmpowerment #PayNearby #GlobalFintechFest2024 #RuralDevelopment
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PayNearby reposted this
Reflecting on an impactful session on day 1 at #GFF2024! The panel discussion on 'The Future is Women - Bridging the Gender Gap in Agent Banking,' in collaboration with PayNearby, sparked insightful conversations on driving gender inclusivity in the financial sector. The release of our joint report, 'The Gender Gap in the BC Industry Today,' provided crucial insights and actionable strategies for creating a more equitable financial ecosystem. Together, we’re paving the way for a future where women lead the charge in financial inclusion. #FinancialInclusion #GenderEquity #ThoughtLeadership #BCAgents Bharati Joshi Arindam Dasgupta Rahul Dube Anand Kumar Bajaj Jayatri Dasgupta Hamsini Karthik Leena Datwani Meenakshi Rathore Prabir Borooah Sunil Kulkarni Priti Rathi Gupta Radhabinod Barman Rajesh Dahiya Mandar Agashe Venkatram Jayanthy T R Anand Suparna Dutta, Ph.D. Priya Srivastava
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At #PayNearby, our journey highlights how #financial and #digital services, often concentrated in urban areas, can be extended to the most remote villages of #Bharat through our extensive network of local #retailers. From the bustling streets of #Lucknow to the serene landscapes of #Sundarban, we equip local #merchants with the tools to offer essential services, bridging gaps and creating new #business opportunities while nurturing aspirations across rural Bharat. Discover how PayNearby is making a difference in the latest episode of 'Bharat Fintech Story' presented by Edstead in collaboration with the Internet and Mobile Association of India, streaming now on Disney+ Hotstar. Witness firsthand how our innovative approach is reshaping lives and driving financial progression. #BharatGateway #ChaloBharat Anand Kumar Bajaj | Subhash Kumar | Yashwant Lodha | Jayatri Dasgupta | Nilesh Halde | Rajat Agarwal | samir garud | Murali Iyer | Neel Kapdi | #ArnabDasgupta | Rajiv Saxena | Shreepad Parkhe | Vivek Viswanathan | Vikas Jalan | Ramachandran Iyer | Mohan Tanksale | Abhaya Hota | Sunil Kapoor | Shalini Bajaj | Siva Subramanian | Edstead | Kriti Khanna | Elvis Anthony | Raman Thukral | Dhivya Ravi | Bunty Biswas | Nipun Shetty | Sherwin Fernandes | Rufus Dsouza #PayNearby #DigitalTransformation #BharatFintechStory #StreamingNow #DisneyPlusHotstar #DigitalFinance
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Our efforts to democratise #digital and #financial services and bridge rural urban divide gets a major boost, when honourable #PM highlighted the importance of everything that we stand for, in his address at the Global Fintech Fest (#GFF2024). To touching more lives, eradicating gaps between #geography or #gender, and using #technology to serve all. Points highlighted in the PM’s address. 1. Transformation brought about by #FinTech in India is not limited to just technology. Its social impact is far-reaching. 2. FinTech has played a significant role in democratizing financial services. 3. Recalling the #COVID pandemic, the #PrimeMinister noted that India was one of the few nations in the world where the banking system remained uninterrupted. 4. #DigitalTechnology has introduced transparency in India, as exemplified by the implementation of #DirectBenefitTransfer in hundreds of government schemes, which has prevented leakages in the system. "Today, people can see the benefits of aligning with the formal banking system," the Prime Minister reiterated. 5. Noting the changes brought in by the fintech industry in the country, the Prime Minister said that it has not only transformed the technological front of #Bharat but also made a widespread social impact by closing the gap between urban and rural India together. Shri Modi further highlighted that the same #bankingservices which earlier used to take a whole day, creating hindrances for the farmers and middle-class families, are now easily accessible on #mobilephones with the help of fintech. 6. Prime Minister highlighted that services such as remote #healthcare services, digital #education and skill learning would not be possible without fintech. “India’s Fintech revolution is playing a big role in improving the Dignity of Life and Quality of Life. 7. He also urged India’s fintech sector to study the government’s Bank Sakhi program and highlighted the efforts of the daughters in spreading banking and digital awareness in every village thereby giving a new market to fintech. 8. Fintech has made access to credit easy and inclusive, and gave the example of PM SVANidhi scheme that has enabled street vendors to avail collateral #freeloans and further expand their business with the help of digital transactions. He also mentioned easy access to the share markets and #mutualfunds. Anand Kumar Bajaj Subhash Kumar Yashwant Lodha Jayatri Dasgupta Nilesh Halde Rajat Agarwal samir garud Murali Iyer Neel Kapdi #ArnabDasgupta Rajiv Saxena Shreepad Parkhe Vivek Viswanathan Vikas Jalan Ramachandran, Ministry of Rural Development, Ministry of Rural Development, GoI, Ministry of Women & Child Development, Ministry of Housing and Urban Affairs #BharatGateway #ChaloBharat #DistributionasaService #BranchlessBanking #PayNearby #DigitalNaari #FintechRevolution #FinancialInclusion #DigitalIndia #BharatRising #UPISuccess #JanDhanYojana #DigitalTransformation #FintechInnovation #GlobalFintechFest