ELI - 344 | Anand Kumar Bajaj (Founder of PayNearby - India’s leading branchless banking network)
Entrepreneur Lounge of India (ELI)
English - July 10, 2023 15:54 - 23 minutes - 31.7 MBEntrepreneurship Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
About the spokesperson: https://www.linkedin.com/in/anandkumarbajajpaynearby/
Anand Kumar Bajaj is the founder of PayNearby, India's leading branchless banking and digital payments network.
PayNearby aims to digitize and universalize services available in urban areas to reach rural areas in India.
Anand Kumar Bajaj has a background in banking and worked at ICICI and Yes Bank before starting PayNearby.
PayNearby operates through a digital network of physical shops and women entrepreneurs, serving as banking correspondent agents.
PayNearby has been recognized as a DPIIT-certified (Department for Promotion of Industry and Internal Trade) company under the Startup India program.
PayNearby has a large-scale operation, reaching nearly 50 lakh (5 million) micropreneurs across 20,000 PIN codes in India.
The future plan for PayNearby is to continue expanding its network of connected entrepreneurs, known as "Digital Pradhan," who act as the last distribution point for services.
PayNearby's goal is to bridge the digital divide by providing access to digital services and financial inclusion to underserved areas in India.
The company has received investment from Roha Group and collaborates with partner banks, NBFCs, and other organizations to offer a range of services including banking, digital payments, insurance, travel distribution, and more.
PayNearby's mission is to bring high-end technology and digital solutions to the bottom of the pyramid, empowering people in rural areas and enabling them to participate in the digital economy.
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