Paynear Solutions: Simplified Business. Simplified Solutions.

Priti Shah,CEO“It all started in 2013 over a cup of coffee with a plan drafted on tissue papers “- says Priti Shah. Prior to starting Paynear Solutions Prabhu co-founded EBS where Priti, Anil, Maulik, Ravi & Krishna were the founding team who are currently the co-founders. Favoured by passion, determination & creation and being highly inspired by Square Inc, a US based company’s predictions that the increase in smartphone usage in India should be instrumental in bridging the demand & supply gap for making the economy digital for a cashless nation they decided to bring something exceptional in the digital payment domain. Having scrapped over a multiple business models right from eCommerce to market place and finding exactly what suits their interest they resigned from their job and established Paynear Solutions Private Limited.The company through its unique feature endeavours to make PM’s dream project a reality by converting India to ‘a cashless economy’.

Numerous Solutions - One Application

Co-founded in 2013, as the payment industry is gearing for

We believe that we have only one competitor and that is CASH

digital revolution, Paynear Solution has become the country’s first ever Omni Channel transaction solution. Focussing on the business owners & merchants spread all over in order to help them to boost their sales the company has developed an exceptional product to enhance their business growth. Speaking on this, Priti Shah, CEO, Paynear Solutions says, “With our simple and easy to use ‘Paynear One’ app we enable the business owners to accept payments from their customers and value to their services. We try to manage their businesses from anywhere through inbuilt tools.” Helping the business owners in accepting all types of payments instore, online and at customers place, Paynear also provides 70+ payment options to an offline merchant through its application. Also noticing that India is one of the fastest changing payment landscapes and the effect of post demonetisation in enabling people to accept digitization, the platform offers unique solutions that allows to adapt or integrate any new payment method. Pinpointing mobile app as its prime solution, Paynear today enables its merchants to offer their customers online & offline card acceptance, Net Banking, EMI, UPI, Wallets, mini ATM with services like recharges, bill payments, money transfer all under one umbrella. With a view to offer hassle free & secured
merchant centric solution it sights to help its clients to top-up their wallet anytime, anywhere via Unified Payment Interface(UPI) instantly.

“Identifying that the payment ecosystem is relatively smaller in accordance to huge market with a majority of young population we are trying to regionalize our app in vernacular languages for easy understanding of customers. We are the first mPOS service provider to introduce UPI as a payment
option,” avers Priti.

Empowers to be a Digital Payment Partner for All

Headquartered in Hyderabad with 300+ employees Pan India and driven by agile technology, plug & play integration & compliant network, Paynear is working with various State Govt. and commercial tax departments to enable digital payment mode in Tier 2, Tier 3 & Tier 4 markets. Enduring switch bank device diagnostic platform with its presence across 31 cities Paynear aspires to empower more than 1 lakh merchants to digitisation. Being the first company in making villages go cashless by educating the villagers and partnering with 50+ co-operative banks, it wants to diversify its solutions to Morocco, Bangladesh & MENA countries. Exaggerating on the same,Priti Concludes, “We are planning to enable the small & micro merchants by offering a secure solution to accept any digital payment. We also want to diversify our platform by promoting Govt. Schemes and latest payment options like Aadhar, Bharat QR and others.”