PayNearby has scaled up the business correspondent (BC) model using technology to build a hyperlocal fintech network. It has roped in retailers at the first mile to offer both digital financial and non-financial services to the masses.
Anand Kumar Bajaj, its managing director & chief executive officer, believes he can roll out this model globally, and plans to raise $50 million through equity dilution in what is inherently a “people’s business”. Bajaj spoke to Raghu Mohan. Edited excerpts: How is version 2.0 of the business correspondent model different? It has ...
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First Published: Tue, April 07 2020. 02:20 IST
