Harness PayNearby’s extensive last mile connectivity. Enable your customers and collection agents to deposit cash at a store nearby- available beyond banking hours with real time cash digitization, faster settlement and a single unified collection dashboard.Contact Solution Experts
Businesses of all sizes, across industries, use this service to optimize their cash collection cost and expand business.
NBFCs, Micro finance Institutions (MFIs), Small Finance bank (SFBs)
Food Delivery Cos
With over 10,00,000 retailers, spread across 17,000+ PIN codes, harness the power of the largest agent network in the country
Physical cash deposited by customers and collection agents are converted into digital cash real time and settlement processed even after banking hours, every day of the week.
A single unified cash collection dashboard ensures you have the required information to make business decisions real time. Get collection figures at a glance, daily, weekly, monthly, by region or agent type, and easily track your business performance
Expand serviceable market and reach customers across geographies and different income cohorts. Enable customers of low income cohort, who often find it difficult to process low denomination transactions, to easily deposit cash at a store nearby.
Eliminate overhead expenses required for manual reconciliation in a traditional cash collection set-up across multiple modes of repayment. Optimize costs through a single unified MIS platform, that is automated and updated real time at the collection counter.
Our time tested systems service more than a million transactions per day, with the highest success matrix and 99.9% uptime. PayNearby is certified to the highest compliance standards and your data is secured and protected with us.
Corporates send an SMS link with the PayNearby retail outlet locator to the customer/collection agent
Customer/Collection agent clicks on the link and locates the nearest PayNearby point
Customer/Collection agent walks into the nearest PayNearby outlet and provides unique identification number/Batch ID
PayNearby representative enter the unique number into the system, validates information and collects the due amount
Amounts can be collected in cash, or digital modes including UPI/QR and Aadhaar Payments
Whether you are a small business owner, or a CEO of a corporation, let us help you optimize your cash collection cost. That way you can focus on what you do best—running your business.