PayNearby appoints Chief Technology Officer to accelerate technological innovation

The company continues to invest in strengthening its executive team with the appointment of CTO, Vivek Viswanathan

PayNearby, India’s leading branchless banking and digital payments network, today announced that Vivek Viswanathan has joined its executive team as the Chief Technology Officer. Vivek brings to the team deep technical experience – with a background in architecting, designing and building enterprise-grade products – as well as a new energy to propel PayNearby into its next phase of growth. He will work closely with the company’s product, data and analytics teams to harness the power of technology to enable seamless delivery of financial services to every Indian and drive the cause of financial inclusion and democratization of digital payments in the country.

With over two decades of rich experience, Vivek brings to PayNearby robust expertise as a leader in the technology and software space across the functional domains of fintech and supply chain. At PayNearby, he aspires to build a world-class tech organization focused on agility, efficiency and transparency through the use of technology, automation, processes and culture. Using the power of data, ML and AI, he seeks to provide our retailers and customers with the most reliable and delightful user experience with fintech products that matter to Bharat.

Vivek comes with a proven track record of having built platforms at scale and a deep understanding of the fintech industry. Prior to PayNearby, Vivek oversaw Blue Yonder as the VP- Product Development to enable digital supply chain and omnichannel commerce fulfillment. He also led the engineering division of Setu – a fintech API platform – as the CTO, building APIs to help integrate financial services into the customers’ products. In his time at Ezetap – a pioneer in the MPoS and Payments tech space, he helmed the expansion of the company as its VP-Engineering. He was also the Co-founder and CEO at Stillwater – a social media startup and is known to have built consistently high performing teams.

Speaking on the appointment, Anand Kumar Bajaj, Founder, MD & CEO, PayNearby said, “We are thrilled to welcome Vivek to the executive team. Vivek brings a wealth of knowledge to his new role and he will certainly be an invaluable asset to our team as we continue to advance our product architecture and solutions platform. Vivek will solidify our commitment to creating exceptional solutions for enabling financial inclusion and democratization of digital payments at the last mile. As CTO, Vivek will work with PayNearby’s executive team to create, execute and launch new offerings across the company’s product domain that will bring further support to our retail partners and customers and help us build a digitally and financially inclusive Bharat.”

About PayNearby:

Incepted in April 2016, PayNearby is a fintech company creating technology and distribution network to reach financial/non-financial services to India and Bharat both. PayNearby empowers retail shop owners to offer digital services to local communities, thereby boosting digital financial inclusion. Retailer services are focused on Agent Banking, Digital payments, microSavings, microInsurance, Loan enablement among others.

It was founded by Anand Kumar Bajaj, Subhash Kumar, Yashwant Lodha & Rajesh Jha who bring with them rich experience in the field of banking, payments and other financial sectors. PayNearby is a DIPP-certified FinTech startup, partnering with various financial institutions including YES Bank, RBL Bank, IndusInd Bank, SBM Bank India, Equitas SFB, Ujjivan SFB, Axis Bank, ICICI Bank, State Bank of India, CC Avenue, Bill Desk, NPCI, FASTag, NBFC and FMCG companies. It is the sole technology provider using Aadhaar Enabled Payment Services (AEPS) and IMPS to YES Bank, making them one of the only two fintech companies hosted by the National Payments Corporation of India (NPCI).

For more details, contact:
Siva Subramanian

  • Source – Press Release

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