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Insights

Expansive Service Reach PayNearby operates on a B2B2C model, allowing neighbourhood retail stores to offer 25+ digital and financial services to local communities across 20,000+ PIN codes, serving 30+ crore customers in 93% of Bharat. This extensive network presents an opportunity for partnerships with local businesses looking to expand service offerings.

Empowering Women Entrepreneurs The launch of the Digital Naari program by PayNearby aims to onboard 1 lakh women entrepreneurs by 2025. This initiative creates a potential market for products and services tailored to women entrepreneurs seeking self-employment opportunities through digital platforms. Collaboration with female-focused businesses or organizations can tap into this emerging market segment.

Enhanced Financial Inclusion PayNearby plays a crucial role in financial and digital inclusion in India, with services reaching the most backward districts and facilitating transactions worth ₹1100+ crore monthly. This presents an opportunity for financial institutions or fintech companies to collaborate and expand their customer base by leveraging PayNearby's established network in underserved regions.

Partnership with Protean eGov Technologies The partnership with Protean eGov Technologies aims to make credit services more accessible and affordable for last-mile borrowers through the ONDC Network. This collaboration opens doors for financial service providers interested in expanding their reach through innovative credit solutions integrated into PayNearby's extensive ecosystem.

Health Insurance Accessibility Initiative The partnership with Star Health and Allied Insurance Company Limited demonstrates PayNearby's commitment to providing health insurance accessibility in rural India. Insurers looking to reach untapped markets or expand their health insurance portfolio can explore collaboration opportunities with PayNearby to extend insurance products to a wider rural customer base.

Similar companies to PayNearby

PayNearby Tech Stack

PayNearby uses 8 technology products and services including Google Analytics, WordPress, MySQL, and more. Explore PayNearby's tech stack below.

  • Google Analytics
    Analytics
  • WordPress
    Content Management System
  • MySQL
    Database
  • Shopify
    E-commerce
  • jQuery Migrate
    Javascript Libraries
  • Gravatar
    Miscellaneous
  • Google Tag Manager
    Tag Management
  • OpenSSL
    Web Server Extensions

Media & News

PayNearby's Email Address Formats

PayNearby uses at least 1 format(s):
PayNearby Email FormatsExamplePercentage
First.Last@paynearby.inJohn.Doe@paynearby.in
93%
First.L@paynearby.inJohn.D@paynearby.in
4%
First@paynearby.inJohn@paynearby.in
2%
First.Middle@paynearby.inJohn.Michael@paynearby.in
1%

Frequently Asked Questions

Where is PayNearby's headquarters located?

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PayNearby's main headquarters is located at 1st Floor, Arena House, Rd Number 12, Marol MIDC Industry Estate, Andheri East Mumbai, Maharashtra 400093 IN. The company has employees across 4 continents, including AsiaNorth AmericaEurope.

What is PayNearby's official website and social media links?

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PayNearby's official website is paynearby.in and has social profiles on LinkedIn.

How much revenue does PayNearby generate?

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As of October 2024, PayNearby's annual revenue reached $750M.

What is PayNearby's NAICS code?

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PayNearby's NAICS code is 52 - Finance and Insurance.

How many employees does PayNearby have currently?

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As of October 2024, PayNearby has approximately 1.3K employees across 4 continents, including AsiaNorth AmericaEurope. Key team members include Chief Marketing Officer-Paynearby & Business Head-Digital Naari: J. D.Chief Technology Officer: V. V.Chief Financial Officer: V. J.. Explore PayNearby's employee directory with LeadIQ.

What industry does PayNearby belong to?

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PayNearby operates in the Financial Services industry.

What technology does PayNearby use?

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PayNearby's tech stack includes Google AnalyticsWordPressMySQLShopifyjQuery MigrateGravatarGoogle Tag ManagerOpenSSL.

What is PayNearby's email format?

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PayNearby's email format typically follows the pattern of . Find more PayNearby email formats with LeadIQ.

How much funding has PayNearby raised to date?

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As of October 2024, PayNearby has raised $2.5M in funding. The last funding round occurred on Dec 11, 2015 for $2.5M.

When was PayNearby founded?

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PayNearby was founded in 2016.
PayNearby

PayNearby

Financial ServicesMaharashtra, India1001-5000 Employees

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.

Section iconCompany Overview

Headquarters
1st Floor, Arena House, Rd Number 12, Marol MIDC Industry Estate, Andheri East Mumbai, Maharashtra 400093 IN
NAICS Code
52 - Finance and Insurance
Founded
2016
Employees
1001-5000

Section iconFunding & Financials

  • $2.5M

    PayNearby has raised a total of $2.5M of funding over 1 rounds. Their latest funding round was raised on Dec 11, 2015 in the amount of $2.5M.

  • $100M$1B

    PayNearby's revenue is in the range of $100M$1B

Section iconFunding & Financials

  • $2.5M

    PayNearby has raised a total of $2.5M of funding over 1 rounds. Their latest funding round was raised on Dec 11, 2015 in the amount of $2.5M.

  • $100M$1B

    PayNearby's revenue is in the range of $100M$1B

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