PayNearby
PayNearby is a branchless-banking and assisted digital-commerce network that operates on a B2B2C model, partnering with neighbourhood retail stores across India and enabling them with tools to provide assisted financial and digital commerce services -- including AePS, money transfer, bill payments, lending, UPI, mutual funds and savings accounts -- to their local communities.
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Who founded PayNearby?
PayNearby was founded by Anand Kumar Bajaj, Subhash Kumar, Yashwant Lodha in 2016.
What does PayNearby do?
PayNearby is a branchless-banking and assisted digital-commerce network that operates on a B2B2C model, partnering with neighbourhood retail stores across India and enabling them with tools to provide assisted financial and digital commerce services -- including AePS, money transfer, bill payments, lending, UPI, mutual funds…
Where is PayNearby headquartered?
PayNearby is headquartered in Mumbai, Maharashtra, India.
What is PayNearby's business model?
PayNearby's core value proposition centers on Branchless banking access, Assisted digital commerce for merchants, Extra income for retail partners, no working capital, Passive income for distributors.
How does PayNearby make money?
PayNearby's cited revenue streams include Transaction commissions, Retailer/ID onboarding fees, Wallet-float based earnings.