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PayNearby

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Agent-based payments platform enhancing financial inclusion through local retail partnerships.

Overview

PayNearby operates as an agent-based payments platform that facilitates financial transactions through a network of authorized agents in India. The company partners with local retail stores to enable these agents to offer various services, including utility payments, digital payment tools, insurance plans, and loans. The platform aims to address the issue of limited access to digital payments and essential banking services, particularly in underserved regions. PayNearby targets retailers, distributors, and individuals, with the goal of enabling stores to act as fintech service providers and promoting financial inclusion. The company focuses on security and operational efficiency to ensure safe transactions and real-time processing.

Key facts

Founded
2016
Headquarters
Mumbai, India
Sector
Payments

Business model

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About PayNearby

What does PayNearby do?

PayNearby operates as an agent-based payments platform that facilitates financial transactions through a network of authorized agents in India.

Where is PayNearby headquartered?

PayNearby is headquartered in Mumbai, India.

When was PayNearby founded?

PayNearby was founded in 2016.

Which sector is PayNearby in?

PayNearby operates in Payments, part of Financial Technology.

Who are PayNearby's competitors?

Companies similar to PayNearby include MasterPay, Easy Pay, and Payzigo.