Reduce cash collection cost by upto 50%
Harness PayNearby’s extensive last mile connectivity. Enable your customers and collection agents to deposit cash at a store nearby- available beyond banking hours with real time cash digitization, faster settlement and a single unified collection dashboard.
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Who can benefit from this service
Businesses of all sizes, across industries, use this service to optimize their cash collection cost and expand business.
NBFCs, Micro finance Institutions (MFIs), Small Finance bank (SFBs)
Food Delivery Cos
Cab Aggregators
E-commerce companies
Insurance companies
Logistics
Why digitize cash collection with PayNearby
Largest Network
With over 41,00,000 retailers, spread across 17,600+ PIN codes, harness the power of the largest agent network in the country
Faster Settlement
Physical cash deposited by customers and collection agents are converted into digital cash real time and settlement processed even after banking hours, every day of the week.
Insights at your fingertips
A single unified cash collection dashboard ensures you have the required information to make business decisions real time. Get collection figures at a glance, daily, weekly, monthly, by region or agent type, and easily track your business performance
Serve more customers
Expand serviceable market and reach customers across geographies and different income cohorts. Enable customers of low income cohort, who often find it difficult to process low denomination transactions, to easily deposit cash at a store nearby.
Reduce overhead expenses
Eliminate overhead expenses required for manual reconciliation in a traditional cash collection set-up across multiple modes of repayment. Optimize costs through a single unified MIS platform, that is automated and updated real time at the collection counter.
Backed by the safety and security of PayNearby
Our time tested systems service more than a million transactions per day, with the highest success matrix and 99.9% uptime. PayNearby is certified to the highest compliance standards and your data is secured and protected with us.
How does it work
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Corporates send an SMS link with the PayNearby retail outlet locator to the customer/collection agent
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Customer/Collection agent clicks on the link and locates the nearest PayNearby point
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Customer/Collection agent walks into the nearest PayNearby outlet and provides unique identification number/Batch ID
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PayNearby representative enter the unique number into the system, validates information and collects the due amount
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Amounts can be collected in cash, or digital modes including UPI/QR and Aadhaar Payments
Digitize your cash collection business with us
Whether you are a small business owner, or a CEO of a corporation, let us help you optimize your cash collection cost. That way you can focus on what you do best—running your business.
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