PayNearby on Tuesday said its enterprise offering that facilitates ‘cash collection’ as a service has crossed ₹350 crores worth transactions in monthly Gross Transaction Value (GTV).
The company offers cash collection as a service to over 50 clients across sectors such as NBFC, microfinance (MFI), OTTs, food delivery aggregators, cab aggregators, FMCG, and logistics among other digital services. However, a large section of their current portfolio is dominated by NBFCs and MFIs.
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“Our retail partners have served as cash disbursal points and are now outlets for secure cash disposal. While our collection process is seamless, it also gives companies deep in-roots to areas that were not serviced earlier,” said Anand Kumar Bajaj, Founder, MD and CEO, PayNearby.