Grow your lending business by upto 100%

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.

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Who can benefit from this service

Lending businesses of all sizes can use this service to scale up their business

  • Banks

  • NBFCs

  • Micro finance Institutions (MFIs)

  • Small Finance bank (SFBs)

Why digitize loan disbursal with PayNearby

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Largest Network

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.

Upto 60% faster on-boarding

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.

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largest-network

Zero proxy payment leakage

Payee account validation, Digi KYC and robust fraud detection mechanisms ensure funds reach the intended recipient and there is zero proxy payment leakage.

Serve more customers

Expand serviceable market and reach customers across geographies and different income cohorts. Reduce infrastructure and overhead expenses and enable profitable low denomination transactions.

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largest-network

Reduce overhead expenses

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.

Backed by the safety and security of PayNearby

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.

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How does it work

  • 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

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Digitize loan disbursements with us

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.