Nutan, 40, lives with her husband and two children in Gondia district, where she works as a farm laborer alongside her husband. While this seasonal work provides income for the family, Nutan always aspired to secure a continuous source of income. As a member of a self-help group in her village, Nutan came across PayNearby's Digital Naari initiative through a local community group and joined the program. Since joining, she has been providing cash withdrawal and account opening services in Mohadi village, serving over 250 families. Especially during DBT and subsidy releases, farmers and beneficiaries come to withdraw cash as the closest bank is 15 km away. She is committed to taking banking to every household and has also opened five bank accounts in a single day. Nutan supports her husband during the farming season, and in her spare time, she dispenses banking services in her area. She also aims to provide gold loan services through PayNearby, as there is a demand during the farming season. Becoming financially independent has boosted her morale and confidence. Through the initiative, 650 more women like Nutan in Gondia and Chandrapur districts are a testament to the impact that initiatives like PayNearby's Digital Naari can have on empowering women. Join us in empowering more women like Nutan. Partner with PayNearby’s Digital Naari programme and help create a more inclusive and financially resilient community. To partner with us, drop an email at [email protected] Anand Kumar Bajaj, Subhash Kumar, Yashwant Lodha, Satinder Kaur, Jayatri Dasgupta, Dhivya Ravi, Arpit Shah #DigitalNaari #EmpoweringWomen #FinancialInclusion #EconomicGrowth #PayNearby #WomenEmpowerment #LakhpatiDidi #RuralDevelopment #ShashaktNaariShashaktDesh #WomenLivelihood #DAAS #DistributionAsAService #Empowerment #WomenInBusiness #FinTech #TechForGood #FinancialServices #CommunityImpact #DigitalIndia #Entrepreneurship #InclusiveGrowth #SocialImpact #LocalHeroes #TransformingLives
PayNearby
Financial Services
Mumbai, Maharashtra 35,486 followers
Zidd Aage Badhne Ki
About us
Incepted in April 2016, PayNearby is India’s leading branchless banking and digital network. PayNearby operates on a B2B2C model, where it partners with neighbourhood retail stores and enables them with the tools to provide digital and financial services to local communities. The company aims to simplify high-end technology so that it can be easily assimilated at the last mile while transforming the lives of its retail partners and customers. Today, PayNearby, through its tech-led DaaS (Distribution as a Service) network is capable of servicing 93% of Bharat. From Muzaffarpur to Maldah and Raichur to Rajnandgaon, including Khagaria, PayNearby has successfully enabled the availability of 25 services, including services like cash withdrawal, remittance, Aadhaar Banking, bill payment and recharges, savings, e-commerce, lending, travel, digital payments, insurance and more. PayNearby’s million-plus micro-entrepreneurs across 20,000 PIN codes assist 30 crore customers across the country. In the 115 Aspirational Districts, identified by NITI Aayog as the most backward districts of the country, PayNearby plays a crucial role in servicing financial and digital inclusion worth ₹1100 crores per month. Our Digital Pradhans have evolved into community managers, transforming the lives of local communities across Bharat. PayNearby’s mission is to make financial and digital services available to everyone, everywhere.
- Website
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http://paynearby.in/
External link for PayNearby
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Mumbai, Maharashtra
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Distribution as a Service, Lending, Ecommerce, Livelihood, Insurance, Banking, Savings, Travel, Meta Commerce, Brand Shop, Credit, PayNearby Mall, and Cash Management Solutions
Locations
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Primary
1st Floor, Arena House, Rd Number 12, Marol MIDC Industry Estate, Andheri East
Mumbai, Maharashtra 400093, IN
Employees at PayNearby
Updates
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The ease and speed with which farmers can access loans, procure quality supplies, and improve their farming practices is transformative. This vision aligns perfectly with our goal of creating a digitally empowered Bharat where every farmer and citizen can thrive. At #PayNearby, we are committed to driving this digital transformation and making these possibilities a reality for millions of farmers across Bharat. #ChaloBharat #DigitalTransformation #FinancialInclusion #EmpoweringFarmers #DigitalIndia #DigitalPradhaan #UnionBudget24 #DPIAgriculture #InclusiveGrowth #RuralEmpowerment #BranchlessBanking
Mahesh, a farmer in Khuntadih, Jharkhand has a half acre farm on which he has sown 1 crop a year for the last 15 years. This time around, he spoke to Biren, his friend who has a grocery shop and is a PayNearby Digital Pradhaan. With Biren and PayNearby's help, he searched for a loan on 'ByaajPeBeej' portal. After providing his #KrishiAadhaar and a few other details, he got 3 #Jansamarth loan offers from banks. He shared his crop, land and other personal details via UAI (Unified-Agri-Interface) safely through an Agri Consent Manager with a Bank. The loan was underwritten and disbursed within seconds. Using this money, he procured high quality farm equipment and supplies through PayNearby Mall via Biren and set up a water storage and irrigation facility. This year, Mahesh grew 2 crops, doubled his income and is now dreaming of sending his daughter to college. All of this, from the comfort of his village. This is an imaginary story, but this and so much more can be enabled by #DPIAgriculture, as envisioned in #UnionBudget24. It will significantly improve the productivity and incomes for our farmers, 25L of whom visited a PayNearby Digital Pradhaan to withdraw their #PMKISAN subsidy last month. World over, digitization has happened post development. I think, India will become a Developed Nation because it will be a Digital Nation. Badhega Bharat Kyunki Digital Banega Bharat!! Anand Kumar Bajaj Subhash Kumar PayNearby
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As we reflect on the #UnionBudget 2024 announced by #FinanceMinister #NirmalaSitharaman, we are encouraged by the government's steadfast commitment to #rural development and #growth. At #PayNearby, we see this budget as a significant stride towards realizing a 'Viksit Bharat' and expanding the #financial progression landscape across the country. The budget's emphasis on rural #infrastructure, with an allocation of ₹2.66 lakh crore, including initiatives like the PM Gram Sadak Yojana Phase 4, will enhance connectivity and accessibility for millions in underserved regions. This directly aligns with our mission at PayNearby to make essential #banking, #insurance, #ecommerce, and other financial services accessible through our Distribution-as-a-Service model. We are particularly heartened by the government's focus on women-led development and skilling initiatives. The substantial allocation for schemes benefiting women and girls underscores the importance of enhancing their roles in economic growth. At PayNearby, we are inspired by this vision and remain committed to initiatives like #DigitalNaari, which empower women with digital entrepreneurial skills. These initiatives enable women to drive economic progress in their communities, fostering a more inclusive and equitable society. The PM Surya Ghar Muft Bijli Yojana, offering free electricity through rooftop solar plants, is another highlight that promises to revolutionize energy access in rural households. With over 1.28 crore registrations and 14 lakh applications already received, this initiative complements our efforts towards sustainable development and environmental consciousness. Furthermore, the budget's support for Micro, Small, and Medium Enterprises (#MSMEs) through enhanced #credit access and financial schemes will stimulate economic growth across rural and urban areas. This strategic support creates new opportunities for financial institutions and local entrepreneurs, further strengthening the economic fabric of our nation. As we look ahead, we are excited about the opportunities these budgetary initiatives unlock for inclusive growth. Together with our partners and stakeholders, we are committed to driving meaningful impact and realizing the vision of a digitally empowered Bharat. #ChaloBharat Anand Kumar Bajaj, #UnionBudget2024 #FinancialInclusion #RuralDevelopment #WomenEntrepreneurs #DigitalIndia #SustainableDevelopment #MSMEs #EmpoweringBharat #PayNearby
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Make this tax season hassle-free. Be a responsible citizen, file taxes for yourself and your customers and contribute to the nation’s progress. #IncomeTaxDay2024 #ChaloBharat #PayNearby #PayYourTaxes #IncomeTax #Tax #Taxes #Business #RetailPartner #Nation #Progress
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Empowering women with convenient and secure #cashwithdrawal options is key to building a progressive #Bharat. To learn more, refer to the #PayNearbyWomenFinancialIndex (PWFI) 2024 report, a survey conducted across 5000 retail stores in PAN India, here: https://lnkd.in/dv9vUNgs Satinder Kaur #DigitalNaari #PayNearby #ChaloBharat #EmpowerWomen #FinancialIndependence #ProgressiveBharat #WomenEntrepreneurs #WomenSupportingWomen #WomenEmpowerment #FinancialInclusion #FinancialLiteracy #DigitalIndia #InsuranceAwareness #SecureBharat
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#DigitalNaari Camps - Empowering women at the last mile. As women get empowered, families prosper, and communities grow. Digital Naari camp in Midnapore, West Bengal. #EmpoweringWomen L&T Finance, Satinder Kaur, Jayatri Dasgupta, Dhivya Ravi, Arpit Shah #WomenEmpowerment #FinancialInclusion #CommunityGrowth #PayNearby #DigitalTransformation #EconomicGrowth #LastMileEmpowerment #WestBengal
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We are honoured to be recognised by IndiGo (InterGlobe Aviation Ltd) for making every journey smooth and accessible for all. This token of appreciation is a testament to our commitment to making travel accessible at the last mile. Our successful partnership ensures that travellers experience hassle-free and happy journeys. Together, we are bridging the gap and bringing the convenience of travel to even the most remote corners of India. Srinivasan Jayaseelan, Rupesh Kumar, #Anand, Subhash Kumar, DHINESH KUMAR M #PayNearby #IndiGo #Travel #Accessibility #Partnership #LastMile
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Empowering #women with opportunities for a steady #income is crucial for building a progressive #Bharat. To learn more, refer to the #PayNearbyWomenFinancialIndex (PWFI) 2024 report, a survey conducted across 5000 retail stores PAN India, here: https://lnkd.in/dv9vUNgs Satinder Kaur #DigitalNaari #PayNearby #ChaloBharat #EmpowerWomen #FinancialIndependence #ProgressiveBharat #WomenEntrepreneurs #WomenSupportingWomen #WomenEmpowerment #FinancialInclusion #FinancialLiteracy #DigitalIndia #SecureBharat
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Hema Saroj, a 35-year-old single mother of two daughters, comes from a remote area in Azamgarh, Uttar Pradesh. After losing her husband suddenly to an accident, Hema was left to take care of her family without much external support. A homemaker till then, who had very little experience of going out on her own, the challenge seemed unsurmountable. But, in her was a strong determination to provide a stable life and education for her two young daughters. Hema sought an alternative source of income that allowed her to stay at home, take care of her young family, and at the same time provide for their financial well-being. The Uttar Pradesh State Rural Livelihood Mission (UP SRLM) BC Sakhi program, run by PayNearby, provided her with the perfect opportunity. After getting trained on the financial and digital aspects of the program through local trainers and the project management unit, Hema ensured that she utilised all the marketing support handed to her and prominently displayed them at her home entrance and important landmarks in her village. Slowly, she started getting recognized as the Banking Didi of her area and started dispensing multiple financial and digital services, including ATM services, bank account opening, collecting EMIs of loans, rail ticket booking and more. Her diligence and willing to serve her community and family has ensured that in the last two years, she has facilitated banking services totaling more than ₹8 crore in her community. Today, Hema is a happy mother of two, confidently ensuring her daughters are able to continue their education and create a better future for themselves. Like Hema, there are 7500 other women in Uttar Pradesh, across 9 districts who are benefitting from the PayNearby UPSRLM BC Sakhi program. Anand Kumar Bajaj, Subhash Kumar, Yashwant Lodha, Satinder Kaur, Jayatri Dasgupta, Dhivya Ravi, Arpit Shah #DigitalNaari #EmpoweringWomen #FinancialInclusion #EconomicGrowth #PayNearby #WomenEmpowerment #LakhpatiDidi #RuralDevelopment #ShashaktNaariShashaktDesh #WomenLivelihood #DAAS #DistributionAsAService #Empowerment #WomenInBusiness #FinTech #TechForGood #FinancialServices #CommunityImpact #DigitalIndia #Entrepreneurship #InclusiveGrowth #SocialImpact #LocalHeroes #TransformingLives
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In a recent discussion, Anand Kumar Bajaj, Founder, MD & CEO, PayNearby, shared the vision behind the 'Digital Naari' initiative. He highlighted how women are the #GDP reserve of India and how their empowerment through financial inclusion and entrepreneurship is driving India's growth story. By harnessing their potential, we are building a more inclusive and resilient economy. Watch the video on ETBFSI: https://lnkd.in/dE_b8356 Satinder Kaur, Jayatri Dasgupta, Dhivya Ravi, Arpit Shah #DigitalNaari #PayNearby #EmpowerWomen #FinancialIndependence #ProgressiveBharat #WomenEntrepreneurs #WomenSupportingWomen #WomenEmpowerment #FinancialInclusion #FinancialLiteracy #DigitalIndia #WomenEmpowerment #Entrepreneurship #EconomicGrowth