PayNearby Distributor

Description

PayNearby Distributor app is a powerful tool for the Distributor. Using this App, you can on-board new retailers, claim Top-up for business, give Top-up to retailer, Generate GST Report and View retailer details.

Now, these services will be on your mobile phone just a tap away - 

Add Retailer -
On-board new retailer in just a few steps by providing the retailer registration details and KYC documents.

Claim Top-up -
Get the Top-up online in your PayNearby Distributor wallet in 3 step by providing the bank name, mode of transfer and the transfer details.

Give Top-up/OD -
Option to give Top-up and OD / approve OD request of your merchants.

Generate GST Invoices: Good and Service Tax -
Register your GST Number and generate sales and purchase invoices for PayNearby business at month end.

PayNearby’s Business Loan & Personal Loan Partnerships

Lightmoney (Business Loan)
Age: 21–58 years
Loan Amount: ₹20,000–₹60,000
Tenure: 120–270 days
Interest (ROI): 38% p.a. (reducing balance)
Processing Fee: 3% + GST
APR: 46%–54%

Example:
Loan amount: 60k
ROI: 38%
Tenure: 270 days
Calculation:
Interest amount: 11975
Processing Fees: 2124 (Incl GST)
Total repayment amount: 74099 (60000+11975+2124)
Daily EMI:200

mPokket Personal Loan:
Age: 18+
Loan Amount: ₹1,000–₹50,000
Tenure: 90–180 days
Interest: 2–4% per month
Processing Fee: From ₹15 + GST
APR: 24%–142%

Example:
Loan amount: 50k
ROI: 3%
Tenure: 180 days
Calculation:
Interest amount: 12000
Processing Fees: 118 (Incl GST)
Total repayment amount: 62118 (50000+12000+118)
Monthly EMI: 10333.33


About PayNearby –

PayNearby is a platform for Retailers to become a part of Digital India Initiative as Business Correspondents of Banks and increase the income by providing financial services to their regular customers. The company plans to empower 20,00,000 Retail shops across Tier I, II and rural towns in India. Using the power of Mobile and Aadhaar, we have made it our mission to transform our nation’s retail stores into Fintech Marts. Our Retail stores are the future Digital Pradhans and will lead the movement to digitize cash by
offering services like Domestic Money Transfer (DMT), Aadhaar Enabled Payment Service (AEPS), Recharge and Bill Payments.

T&C Applied.