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

Digital Responsibility Award by IAMAI
Financial Accessibility
February 2024
Product Innovation Management Confex & Awards
Chief Product Officer of the Year Award
February 2024
Product Innovation Management Confex & Awards
Outstanding Product Management Team
February 2024
BFSI Innovation Confex & Awards
Financial Inclusion Leader of the Decade
February 2024
WeKonnect 2023
‘Best Use of Social Listening - Fintech
December 2023
4th Annual BFSI Excellence Awards
Best in Financial Inclusion (Digital Financial Services)
October 2023
Annual Cyber Security Excellence Awards
Best in Data Security (FinTech)
October 2023
ETHRWorld EX Awards
Exceptional Employee Experience - Large Enterprises
November 2023
Great Place to Work® Institute (India)
Best Workplaces in Asia
August 2023
NBFC Leadership Awards
Best Cash Management Solutions - Fintech
August 2023
Great Place to Work® Institute (India)
Top 25 India's Best Workplaces™ in BFSI
April 2023
Financial Express (India) CX Engagement Event
Nilesh Halde 'Influencer of the Year 2023'
March 2023
The Economic Times Best BFSI Brands
Best BFSI Brands
March 2023
NBFC and FinTech Excellence Awards
Best Cash Management Solutions - Fintech
March 2023
World HRD Congress
Gitesh Karnik recognized as Most Innovative HR Tech Leader
February 2023
Global Awards for Retail Excellence by WBC
Jayatri Dasgupta recognized as Most Influential Brand Leader
February 2023
Great Place to Work® Institute (India)
Great Place to Work® Certified
February 2023
Konnect Insights Awards & Summit
Best Social CRM – Fintech
December 2022
BFSI Leadership Awards
Best Cash Management Solutions – Fintech
September 2022
Emerging L&OD Champion
Emerging L&OD Champion
September 2022
Business World HR Excellence Award
Best Emerging HR Strategy
August 2022
Great Place to Work® Institute (India)®
Best in Industry: Fintech
February 2022
Great Place to Work®
Great Place to Work® Certification™
February 2022
BFSI CTO Summit 2022
BFSI Excellence Awards 2022
February 2022
Harvard Business Publishing
Building India's 2.0: PayNearby
January 2021
ASSOCHAM FinTech and Digital Payments Awards
Excellence in Payments - Acquirer
September 2021
Entrepreneur India Awards
Fintech Start-up of the Year - Payments
August 2021
Retail Technology Conclave
Retech Startup Award
September 2021
19th Asian HR Leadership Award
Dream Company To Work For
June 2021
India FinTech Awards (IFTA)
Fintech Rising Star
December 2020
PICUP Awards
Best Fintech in Payments
September 2020
DigiDhan Mission FinTech Award
Innovation in Digital Payments Acceptance Infrastructure in Rural India
October 2019
India Finance Inclusive Awards
Fintech Innovation in Financial Inclusion
December 2019
Business Today
Best Fintech in Payments
March 2020
Women Economic Forum
Leader of the Decade
July 2020
Women Economic Forum
Iconic Leaders Creating a Better World for All
July 2020
SKOCH Order of Merit Awards
Financial Inclusion
June 2019
REACH - Mastercard® Acceptance
Fastest Growing Digital in Kirana Segment
April 2020
World Payments Congress & Awards
50 Most Influential Payment Professionals
February 2019
ICAI Awards
CA Innovator Award
January 2019

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 cash withdrawal, cash deposits, money transfer, savings, insurance, travel, Digital Payments, access to government benefits and many more.

We, at Nearby, 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


  • 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.

  • Subhash Kumar

    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.

  • 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.

Independent Directors

  • 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.


  • 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.

Let’s together create “India’s Largest Branchless Banking Network”


Make financial services available to everyone, everywhere


Build the largest branchless banking network that helps create a more progressive society through easy access to financial services

Our Score Card

  • 28 %

    Market share in AePS 'On Us'

  • 20 Lakhs

    Transaction daily

  • 15 Lakhs

    Active retailers

  • 11 %

    Market share in DMT

  • 20,000 +

    PIN codes in India

  • ₹100,000 Cr

    GTV processed annually

  • 08

    Union Territories

  • 28


Our Growth Story

  • Retailers Onboarded: 6,000
  • Customers serviced: 10+ lakh
  • Launches: Money Transfer Services
  • Retailers Onboarded: 51,000
  • Customers serviced: 1.24+ cr
  • Launches: AePS withdrawals, Bill Payments & Recharges, SMS Payment, Bus Booking
  • Retailers Onboarded: 4 lakh
  • Customers serviced: 4.84+ cr
  • Launches: Flight & Hotel Booking, Cash Collection, Aadhaar Pay, Group Accident Insurance
  • Retailers Onboarded: 9 lakh
  • Customers serviced: 10.45+ cr
  • Launches: UPI QR, Micro ATM withdrawals, Two Wheeler Loans
  • Key achievements: Acquired WeCare Insurance Broking Services, Financial Inclusion Award by India Finance Inclusive Awards
  • Retailers Onboarded: 16 lakh
  • Customers serviced: 16.86+ cr
  • Launches: Pre-Paid Card, App in 8 languages, Rail Booking
  • Key achievements: Distribution crossed 17,000+ Pin codes, Integrated with multiple banks for banking backend, Innovation in Digital Payments Acceptance Infrastructure in Rural India by DigiDhan Mission FinTech Award
  • Retailers Onboarded: 23 lakh
  • Customers serviced: 21.66+ cr
  • Launches: Saathi App, NeoDukaan App, Home Loans, Ecommerce - Amazon, ITC, Big Basket, etc, Soft PoS
  • Key achievements: Crossed 50+ partners in cash collection, Fintech Start-up of the Year’ at the Entrepreneur India Awards
  • Retailers Onboarded: 33 lakh
  • Customers serviced: 26.29+ cr
  • Launches: PAN Card, Savings & Current Account Opening, Gift Cards, Business Loans
  • Key achievements: PayNearby is now certified as a Great Place to Work by the Great Place to Work® Institute (India)®
  • Retailers Onboarded: 41 lakhs
  • Customers serviced: 29.37 cr
  • Launches: PayNearby Mall, Loans: Gold, Personal, Two-Wheeler, etc
  • Key achievements: PayNearby is now certified as a Great Place to Work by the Great Place to Work® Institute (India)®
  • Oct 2016
  • Mar 2017
  • Mar 2018
  • Mar 2019
  • Mar 2020
  • Mar 2021
  • Mar 2022
  • Mar 2023

Our Patents

Our Association

Our Partners

Download PayNearby now

Use PayNearby app & take charge of all your transactions to grow your business