According to the IMF, India is on track to achieve the milestone of becoming a $5 trillion economy by 2027. As India pursues this ambitious growth trajectory, ensuring equitable development and prioritising financial inclusion is crucial. To gain deeper insights into the driving forces behind India’s financial inclusion agenda, we recently had the opportunity to speak with Anand Kumar Bajaj, the Founder, Managing Director, and CEO of PayNearby, in our latest episode. We spoke with Anand about:
🎬 Genesis of PayNearby
💰 Size of the Financial Inclusion opportunity
🤝🏾 The BC ecosystem
👩🏽 Women and Financial Inclusion
🏆 PayNearby’s success thus far
Timeline
00:00 Start
00:45 Introduction
04:34 Genesis of PayNearby
09:04 Size of the financial inclusion opportunity
11:19 Introduction to the Business Correspondent (BC) model
17:31 Challenges faced by BCs
20:43 Business model of Distribution-as-a-Service
22:24 Success stories of Digital Pradhans
27:29 Potential impact of ONDC
33:45 Women and Financial Inclusion
38:13 PayNearby’s traction so far
41:46 Contacting PayNearby