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About Us

Unstoppable. Ambition: Zidd Aage Badhne Ki

A strong determination to make India a financially inclusive nation is the driving force behind all our initiatives. We are determined to provide easy access to financial services to everyone, everywhere.

In this journey, we are joined by our committed retail community, our partners, who form the force multiplier to our initiatives. We are determined to ensure our retail partners grow and prosper in this digital age and together we contribute to a stronger India.

This determination to create a digitally forward and financially inclusive India forms the cornerstone of our brand DNA.

Awards & Recognitions

Global Fintech Fest

Best Corporate Business Correspondent

DigiDhan Mission FinTech Award

Innovation in Digital Payments Acceptance Infrastructure in Rural India

Digital Responsibility Award by IAMAI

Financial Accessibility

India Finance Inclusive Awards

Fintech Innovation in Financial Inclusion

Harvard Business Publishing

Building India's 2.0: PayNearby

The Economic Times Best BFSI Brands

Best BFSI Brands

ICAI Awards

CA Innovator Award

FICCI & IBA

Best Financial Inclusion Provider

About PayNearby

Nearby Technologies Pvt. Ltd. is a DIPP Certified Fintech Company registered under The Startup India program of Government of India, set up in April 2016 by a team of professionals with experience in Digital Banking & Payments industry. The team works on deep insights and understanding of payment and transaction technology space.

We operate on a B2B2C model, where we partner with neighbourhood retail stores and enable them with the tools to provide assisted financial and digital commerce services to their local communities. Our innovative solutions are modelled to make transactions seamless, quick and easy and strives to empower our retail partners and their customers. Local communities across 20,000 plus PIN codes access PayNearby Partner stores to avail a range of services including assisted banking, digital payments, partner-enabled insurance, travel, credit access, government benefit access and other digital services.

We aspire to empower 50,00,000 stores across Tier I, II and rural towns in India. Using the power of Aadhaar & Mobility, we are motivated to transform the Nearby retail stores into Fintech Marts. The stores will serve as a catalyst to Digitize Cash for the mass market customer and give him access to fintech services which were earlier available only to those who had digital money.

Meet The Team

Founder

Anand Kumar Bajaj

Founder, MD & CEO

With 23+ years of experience in Digital Payments and Mobility, he holds six banking technology patents. Formerly, as President and Chief Innovation Officer at YES Bank, he spearheaded impactful programs. Anand now leads PayNearby, driving strategic growth and empowering retailers to at the last mile to make digital and financial services available to everyone, everywhere.
Subhash Kumar

Co-founder

A technology veteran with 25+ years of experience and extensive knowledge of the payments industry, prepaid cards, remittance, and travel technology distribution. He drives sales, new product design, and technology development at PayNearby. Previously, as the COO of G.I. Technology Pvt. Ltd., he oversaw regulatory relationships, prepaid solutions, and P&L management for 15 years.
Yashwant Lodha

Co-founder & Executive Director

An engineering graduate from the Manipal Institute of Technology and an MBA from NMIMS. His expertise lies in product & project management and strategic analysis. Previously, as Senior Product Manager at YES Bank, he managed digital payments and mobility products, including UPI, IMPS switch, and the Domestic Remittance platform.

Independent Directors

Atul Arora

Executive Director and Chief Operating Officer

Atul is a seasoned financial services leader with over 35 years of experience across retail assets, business banking, rural banking, branch banking and collections. At PayNearby, he focuses on operational excellence, simplicity, data-driven decision-making and leveraging technology to improve processes and customer experience. Prior to PayNearby, he spent two decades at ICICI Bank in key leadership roles, leading Retail Assets, Branch Banking across North and East India, and helping build rural and agri-lending businesses.
Abhaya Prasad Hota

Independent Director

An industry veteran in the payments and banking space, he has served as the Founder, MD & CEO of the National Payments Corporation of India (NPCI) and as the Chief General Manager of the Department of Payments & Settlement Systems at RBI. Currently, he holds director positions on the boards of leading financial institutions like the Federal Bank Ltd. and Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Limited), amongst others.
Mohan Tanksale

Independent Director

A distinguished name in the banking industry, with over 40+ years of experience having served the three major public sector banks viz. Union Bank of India, Punjab National Bank as Executive Director and Central Bank of India in the capacity of Chairman & Managing Director. He has also represented the banking industry as Chief Executive of Indian Banks Association and has been a board member of the International Banking Federation and currently an advisor to SWIFT India Domestic Services Pvt. Ltd.
Sunil Kapoor

Nominee Director

A Chartered Accountant and Cost Accountant with 25 years of experience. He has worked with AIG, Citigroup, GE Money, and AMEX, gaining expertise in Sales & Distribution, Operations, Risk & Credit, Collection, and Finance. He is currently the Managing Director and CEO at ROHA Housing Finance Private Limited.
Shalini Anand Bajaj

Non-Executive Director

She holds an MSc in Zoology from Lalit Narayan Mithila University, Darbhanga. She specializes in managing the family business of FMCG distribution and brings her expertise to support PayNearby's strategic initiatives and growth.

Advisory

U. S. Paliwal

An industry stalwart with 36+ years of experience in the financial sector, having served as the Former ED at RBI and Director of Supervision at the Bank of Mauritius. Additionally, he holds the position of Secretary General at the Cash Logistics Association and is the CEO of the Currency Cycle Association.
Kumar Rajagopalan

A Chartered Accountant with 30+ years of experience in the retail industry, he is the CEO of the Retailers Association of India (RAI). Previously, he was the ED & CEO of Crossword Book Stores, Country Head (Retail) at IBM, and Head of Operations at Shoppers Stop. He brings a wealth of expertise and leadership to drive the growth and development of the retail sector in India.
BS Nagesh

Widely recognized as the 'Father of Modern Retail' in India, he is the founder of TRRAIN (Trust for Retailers and Retail Associates in India). He served as the Chairman and former Managing Director of Shoppers Stop, a leading retail chain in India. With his visionary leadership, he has played a pivotal role in transforming the retail industry in the country.