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PayVEDA

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Agent-based payment platform enhancing financial access in underserved regions.

Overview

PayVEDA operates within the fintech ecosystem by offering an agent-based payment platform that facilitates various financial transactions, including the opening of bank accounts, booking of travel tickets, and application for PAN cards. The company targets individuals in both urban and rural areas of India, aiming to address the challenge of limited access to banking and non-banking services in underserved regions. By utilizing a network of authorized agents, the platform seeks to enhance financial inclusion and provides users with the ability to pay bills, transfer money, and convert their shops into ATMs for additional income. The platform incorporates secure authentication processes and real-time transaction capabilities to support operational efficiency and consumer trust, while its mission includes fostering entrepreneurship and processing significant transaction volumes.

Key facts

Founded
2019
Headquarters
Noida, India
Sector
Payments

Business model

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About PayVEDA

What does PayVEDA do?

PayVEDA operates within the fintech ecosystem by offering an agent-based payment platform that facilitates various financial transactions, including the opening of bank accounts, booking of travel tickets, and application for PAN cards.

Where is PayVEDA headquartered?

PayVEDA is headquartered in Noida, India.

When was PayVEDA founded?

PayVEDA was founded in 2019.

Which sector is PayVEDA in?

PayVEDA operates in Payments, part of Financial Technology.

Who are PayVEDA's competitors?

Companies similar to PayVEDA include GTV GlobokasNet, Paga, and Diool.