PayNearby has received approval from the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP), marking a key milestone in its payments journey.
Following the approval, PayNearby has launched the PayNearby Saathi app, which offers UPI-enabled savings accounts, digital payments, and a wide range of financial products. These include fixed and recurring deposits, gold investments, mutual funds, as well as credit offerings such as personal loans, gold loans, business loans and credit cards.
A key feature of the application is the integration of Bhashini, the Government of India’s AI-powered speech technology. This enables users to interact with the app in their preferred language, ask questions through voice commands and receive instant responses, enhancing accessibility for users across regions.
With the TPAP licence, PayNearby aims to strengthen its presence in India’s digital payments ecosystem while expanding inclusive, multilingual financial services through its platform.
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