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PAYNEARBY REPORT
Significant percentage of women in rural, semi-urban areas use UPI weekly for daily needs: ReportWomen in rural and semi-urban India are increasingly using UPI for daily expenses like groceries and bills. A report highlights their growi...- PayNearby plans to tap IPO market in next financial year to fuel expansion"We have initiated the IPO process and talks with three merchant bankers. We will soon select a merchant banker to proceed with the process...
- PayNearby plans to tap IPO market in next financial year to fuel expansionFintech firm PayNearby is planning an initial public offering (IPO) in the next financial year to boost the next phase of growth.
- PayNearby plans to go public next year, says CEOIndian fintech giants such as Paytm, PhonePe and BharatPe dominate the market with payments and lending, but PayNearby takes a different ro...
- Nearly half of MSMEs polled prefer UPI for business transactions, says reportAccording to the MSME Digital Index Report by PayNearby, digital payments continue to gain strong acceptance among MSMEs, with UPI emerging...
- 73% MSMEs report business growth via digital adoption, led by UPI and smartphones: SurveyPayNearby's MSME Digital Index Report reveals that over 73% of small businesses in semi-urban and rural India have boosted income and effic...
- PayNearby plans to add 5 lakh retailers in 2 years, hire 300-400 people by March 2026PayNearby, a branchless banking and digital network, announced plans to onboard 5 lakh retailers in the next two years, expanding its natio...
- UPI QR transactions jump 33% at retail stores in Bharat this year: ReportUPI transactions at retail stores have risen by 33% in semi-urban and rural areas this year. Insurance policy purchases and premium collect...
- Women business correspondents better in customer engagement, deal value: ReportA new report reveals that female business correspondents (BCs) outperform their male counterparts in engaging female customers, achieving 6...
- Want to make 1 mn rural women banking correspondents in 5 years: PayNearby’s Jayatri DasguptaWith the aim to bring financial inclusion and drive workforce participation among women in the hinterlands, PayNearby’s Digital Naari initi...
- RBI going Hi-tech in regulation, risk managementThe Reserve Bank of India is on a drive to raise the use of technology in key areas like supervision and risk management but flagged the do...
- Over 63% of women in India are seeking entrepreneurial avenues, shows PayNearby surveyAnand Kumar Bajaj, Founder, MD & CEO, PayNearby, said, "The increasing adoption of newer services such as e-commerce, mutual funds, and fix...
- UPI surges on broad-based usage and deeper penetrationThe Reserve Bank has higher transaction limit for financial services like for AMC, Broking, Mutual Funds, collections (Credit card payments...
- Nearly 20% of semi-rural and rural household incomes are spent on medical expenses: PayNearby SurveyThe survey found that 23% of these households turned to informal loans to cover hospital expenses, while 6% resorted to selling assets to s...
- UPI transactions surge to record 782 crore in December 2022The December figure was 7% higher than in November while, in value terms, the amount transacted last month was 8% more than the preceding o...
- UPI transactions see 650% rise at semi-urban, rural stores: ReportThere was a growth of 25 per cent and 14 per cent in value and volume, respectively, in assisted financial transactions across semi-urban a...
- COVID-19 brings about behavioural change in cash usage, say expertsThe COVID-19 pandemic has brought about a behavioural change in usage of cash with people withdrawing larger amounts from ATMs but preferri...
- Rural-play fintech firms see revival as rural economy starts getting back on its feetCompanies providing intermediary payments, banking and insurance services to rural customers have seen a sharp recovery in June and July, f...
- Challenges over cash shortage, restricted movements for government's DBT agentsDespite being included as an essential service by the govt, Bank Mitras – central to government’s DBT scheme - are reportedly not being all...
- Yes Bank customers scramble for cash withdrawal at branches, most ATMs run dryA Delhi-based customer said he was able to withdraw limited cash of about Rs 3,000-4000 only from an ATM.
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