Reduce proxy payment leakage by 100%
Take advantage of our proxy prevention platform with features like Digi KYC, payee account validation and bulk payment processing to effectively disburse salaries and vendor payments at the last mile
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Who can benefit from this service
Businesses of all sizes, across industries, use this service to digitize their salaries and vendor payments
Fast Moving Consumer Goods
Organized Retail
Manufacturing
Financial Services
Why digitize salary and vendor payments with PayNearby
Upto 60% faster on-boarding
Digitized on-boarding processes at the last mile offer end to end verification of every payee in a scalable, efficient and easy manner
Zero proxy payment leakage
Payee account validation, Digi KYC and robust fraud detection mechanisms ensure funds reach the intended recipient and there is zero proxy payment leakage
Reduce overhead expenses
Reduce accounting efforts behind payment processing. Bulk payment processing tools, with digitized audit trails ensure minimum manual intervention and provides significant savings in overhead expenses
Avoid reputation and legal risks
Reduce exposure to fraudulent transactions and safeguard your corporation from misuse of funds. Avoid reputation and legal risks arising out of misappropriation of funds.
Robust Network
With over 41,00,000 retailers, spread across 17,600+ PIN codes, harness the power of the largest agent network in the country to automate disbursals at the last mile, so that your employees, vendors and agents receive salaries, payments and incentives on time
Backed by the safety and security of PayNearby
Our time tested systems service more than a million financial transactions per day, with the highest success matrix and 99.9% uptime. PayNearby is certified to the highest compliance standards and your transactions are secure with us.
How does it work
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Corporates uploads beneficiary details in the PayNearby system
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Beneficiary visits PayNearby stores to complete Digi KYC and on-boarding process
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PayNearby validates beneficiary bank account information through penny transaction
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Corporates transfer money as intended to the validated beneficiary bank accounts
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Beneficiaries visit the 50,00,000+ PayNearby points to withdraw the money through Aadhaar cash withdrawals or micro ATM withdrawals using their debit/credit cards
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Beneficiaries can also initiate withdrawals by visiting their bank branches or ATMs
Digitize your salary and vendor payment with us
Whether you are a small business owner, or a CEO of a corporation, who needs to disburse pay-outs to a geographically distributed recipient list, let us help you optimize your payment disbursals. That way you can focus on what you do best—running your business
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