Harness PayNearby’s high end digital technology and extensive last mile connectivity to provide customers faster, safer and easier access to capital. Enable secure loan disbursements across all PayNearby outlets, beyond banking hours, 7 days a week and scale your lending business rapidly.Contact Solution Experts
Lending businesses of all sizes can use this service to scale up their business
Micro finance Institutions (MFIs)
Small Finance bank (SFBs)
With over 10,00,000 retailers, spread across 17,000+ PIN codes, harness the power of the largest agent network in the country to make access to capital easier for your customers.
Take advantage of our digital onboarding processes at the last mile and enable end to end verification of every borrower in a scalable, efficient and easy manner.
Payee account validation, Digi KYC and robust fraud detection mechanisms ensure funds reach the intended recipient and there is zero proxy payment leakage.
Expand serviceable market and reach customers across geographies and different income cohorts. Reduce infrastructure and overhead expenses and enable profitable low denomination transactions.
Reduce accounting efforts behind manual loan disbursements. Bulk processing tools, with digitized audit trails ensure minimum manual intervention and provides significant savings in overhead expenses.
Our time tested systems service more than a million financial transactions per day, with the highest success matrix and 99.9% uptime. PayNearby is certified to the highest compliance standards and your transactions are secure with us.
Corporates uploads borrower details in the PayNearby system
Borrower visits PayNearby stores to complete Digi KYC and on-boarding process
PayNearby validates borrower bank account information through penny transaction
Corporates transfer money as intended to the validated borrower bank accounts
Borrower visits the closest PayNearby point to withdraw the money through Aadhaar cash withdrawals or micro ATM withdrawals using their debit/credit cards
Borrowers can also initiate withdrawals by visiting their bank branches or ATMs
If you are running a lending business, let us help you optimize your loan disbursement process. That way you can focus on what you do best—scaling your lending business.