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PayNearby achieves 1 million transactions per day

Fintech company PayNearby said it has achieved the milestone of 1 million transactions daily on its platform. It added that this achievement goes hand in hand with its mission to empower kirana store owners, termed as ‘Digital Pradhans’, while facilitating mass scale financial inclusion in India. Since its inception in 2016, PayNearby has empowered over 527,239 retailers pan-India, enabling them to provide banking and financial services to over 4.28 crore citizens across the country. PayNearby enables local retail stores to provide basic digital financial and non-financial services such as Aadhaar ATM, SMS Payment, EMI Collection, Khata Service, Prepaid Cards and soon activating Mutual Funds, small deposits & Insurance and UPI transactions among others. The company’s primary aim has been to enable assisted digital financial services to the masses which are technology oblivious. The company works on sachetizing, granularising and universalizing the high end technology for benefit of the low income segments along with under banked or unbanked population.

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