Nearby Technologies Pvt. Ltd. (PayNearby)
About Company –
PayNearby (Nearby Technologies Pvt. Ltd.)
PayNearby was incepted in 2016, with a strong determination to make India financially and digitally inclusive. PayNearby operates on a B2B2C model, where we partner with local retailers and enable them to provide digital and financial services to communities at a store nearby.
Our innovative solutions are modelled to make transactions seamless, quick & easy, across 22,000+ PIN codes in the country.
Today, from Muzaffarpur to Maldah, and Raichur to Rajnandgaon, including Khagaria, PayNearby has successfully enabled the availability of 25+ services, including Aadhaar banking, savings khata, insurance, access to government schemes, e-commerce and many more.
In the 115 Aspirational Districts, identified by NITI Aayog as the most backward districts of the country, PayNearby plays a crucial role of servicing financial & digital inclusion worth ₹ 1100+ cr per month.
Our Digital Pradhans have evolved into community managers, transforming the lives of local communities across Bharat.
Empowering 93% Bharat: Revolutionary Distribution-as-a-Service (DaaS) Framework
PayNearby’s Distribution-as-a-Service (DaaS) network, built on banking and payment rails, today services products across multiple categories, including banking, e-commerce, education, entertainment, credit management, insurance and more. The innovative plug-and-play platform simplifies high-end technology for mass consumption, and with a retailer density capable of servicing 93% of Bharat, ensures easy accessibility for previously underserved citizens at the last mile. Today, partners across industries leverage this network to sachetise, democratise and universalise their services across the country.
Mass transformation of Bharat is only possible when there is mass mobilisation, and the distribution strength of PayNearby seamlessly meets the challenge. The usage of AI and ML helps us understand diversified cohorts and design personalised products that meet local requirements, facilitating permeability of services across rural counters and delivering sustainable economic value.
This transformation resonates not only in the lives of individuals and families, but entire communities, uplifting lives, and kindling aspirations in the heart of Bharat.