Building India’s 2.0: PayNearby

As Anand Kumar Bajaj sat in the headquarters of Nearby Technologies in Mumbai, India, he reflected on his FinTech startup’s place in the country’s digital revolution. His office marked the third point of a neat triangle whose other vertices were Powai Lake—an artificial lake in the neighborhood of the Indian Institute of Technology Bombay and the National Institute of Industrial Engineering—and the Chhatrapati Shivaji Maharaj International Airport, a bold exclamation of architecture that doubled as an art gallery. It was no accident that he had chosen these headquarters as the birthplace of his flagship brand, PayNearby, in 2016. The ten-minute drive to either adjacent location was a reminder that technology, interconnectedness, and access to remote locations were on the fore of his mind when he envisioned launching the national, yet “hyperlocal,” financial services provider four years earlier.

We are now a part of the Harvard Business Publishing case study – Building India’s 2.0: PayNearby. Kudos to everyone who has been part of this journey. Let’s together build a nation where financial access and digital services are easily available to all!

To read more:

  • Source – Harvard Business School

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