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"The Reserve Bank has granted us the approval under the second cohort for cross-border remittance. India gets about USD 80 billion as remittance every year which either comes in cash or in bank account," Anand Kumar Bajaj, Founder, MD & CEO, PayNearby told PTI.
"Imagine if I start selling one movie on any OTT platform at Rs 10 in cash, it is going to crash down their servers. So to cater to this mass segment which we call Bharat... we are in talks with Netflix already," Bajaj told PTI in an interview.
PayNearby, India’s leading digital payments and largest branchless banking network today announced a strategic partnership to offer PAN-related services for PayNearby’s retail partners
In continuation with its commitment to financially and digitally empower the last mile across the length and breadth of the country, PayNearby, India’s leading digital payments company and largest branchless banking network, today announced that it is now available in Jammu & Kashmir along with Sela Pass in Arunachal Pradesh on the Indo-China border and Lakhpat in Gujarat on the Indo-Pakistan border.
The insight was shared as part of a detailed survey titled - ‘PayNearby Women Financial Index (PWFI)’ – an annual Pan-India report showcasing financial consumption by women at retail outlets, released by PayNearby today. The annual report, in its second edition, was prepared basis a Pan-India survey conducted by the company among 3,000+ retail stores in the country, recording financial transactions of women consumers as observed in those outlets.
PayNearby, India’s leading digital payments company and largest branchless banking network, announced today that it has been Great Place to Work-Certified™. Great Place to Work® is globally known for its rigorous and objective methodology for identifying and defining great workplaces across business and government organizations. This certification is an acknowledgement of PayNearby’s people practices and a recognition of its focus on building a great workplace culture.
Vikas Jalan has joined its executive team as the Chief Financial Officer. Vikas brings to the team demonstrated excellence in formulating and implementing financial initiatives to achieve business goals. He comes with deep financial experience pertaining to private equity, M&A and corporate strategy to propel PayNearby into its next phase of growth and drive the cause of financial and digital empowerment of all citizens of the country.
Reaches out to 17, 600+ PIN codes through its 41+ lakh microentrepreneurs ensuring the availability of micro-ATMs for the unbanked and underbanked. PayNearby witnesses over ₹500 crores of Micro ATM withdrawal and overall ₹4,000 crores of cash withdrawal (including Aadhaar ATM) every month
PayNearby, India’s leading digital payments company and largest branchless banking network, today announced that its enterprise offering that facilitates ‘cash collection’ as a service has crossed ₹350 crores worth transactions in monthly Gross Transaction Value (GTV).
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