Place strategy

PayNearby is Great Place to Work-Certified™ in India

PayNearby, India’s leading digital payments company and largest branchless banking network, today announced that it has been Great Place to Work-Certified™. Great Place to Work® is known worldwide for its rigorous and objective methodology for identifying and defining great places to work in business and government organizations. This certification is an acknowledgment of PayNearby’s human resources practices and recognition of its focus on creating a great work culture.

A five-year-old disruptor in the fintech space, PayNearby is committed to building a high-trust, high-performance, people-focused organization. A Great Place to Work cares about its employees and supports them while challenging them to grow with the company. The key factors that make PayNearby a Great Place to Work are trust, transparency and meritocracy. All three are intrinsic to the company’s DNA and are integrated into the various programs that have been put in place to foster the corporate culture. Monthly meetings, skipped meetings, deployment of chatbots, and various other forums ensure that the culture permeates into the organization. Additionally, PayNearby facilitates inclusive interactions, objective decision-making, and generates equal opportunity for all.

At PayNearby, there are no employees. Everyone is a colleague and an equal player in the success of the company. The company has an open door policy where all ideas are welcome, and people can meet and discuss areas of collaboration openly. This engenders transparency and respect between them. To formalize and institutionalize a culture that everyone in the organization can understand and practice, even in distributed geographies, continuous steps are taken by PayNearby’s ISO 9001:2015 certified people management team. This highlights the company’s strong human resources management processes while enhancing the experience of its colleagues to attract and retain the right talent and create an exceptional work environment for all. Additionally, this year PayNearby was recognized as a 10x Cultural Organization by xto10x, indicating the holistic experience colleagues gain in their journey at PayNearby. Armed with a clear vision of the state of the business, invested in the success of the business, and loyal to their teams, people are aligned with the mission, vision, and values ​​of the business.

Speaking of the feat, Anand Kumar Bajaj, Founder, Managing Director and CEO, PayNearby, said, “We are honored to be Great Place to Work-Certified™. At PayNearby, we are a close-knit family. Our people are the cornerstone and the reason we are able to deliver breakthrough innovations and cutting-edge financial services solutions. We want to create an equal and inclusive society, and this motto of unity is also deeply rooted in our organizational culture. Everyone has a common passion, a sense of belonging and commitment to our larger purpose, and a sense of belonging as a cohesive unit. We are committed to ensuring that our colleagues have fun as they strive to reach new heights and achieve new milestones. Investing in our people and creating great experiences is our constant priority, and by building a workplace that creates a sense of belonging for everyone, we are working to build a better nation – together. Zidd aage badhne ki.

Going forward, the company aims to nurture a group of future leaders with a solid understanding of the industry landscape as well as deep functional skills. To fuel its growth aspirations, PayNearby is looking for energetic and sharp professionals to join its vision and impact the socio-economic landscape of India through the implementation of cutting-edge technologies. The company wants to achieve all of this and more while constantly striving to build an employee-friendly, open, transparent and inclusive workplace.

About Great Place to Work®:

Great Place to Work® is the global authority on workplace culture. Since 1992, they’ve surveyed more than 100 million employees worldwide and used that deep insight to define what makes a great workplace: trust. Their employee survey platform gives leaders the feedback, real-time reports, and insights they need to make strategic people decisions. The Institute serves businesses, nonprofits, and government agencies in more than 60 countries and has conducted pioneering research into the characteristics of exceptional workplaces for more than three decades.

About PayNearby:

Launched in April 2016, PayNearby is a DPIIT-certified company and India’s first branchless banking and digital payments network. PayNearby operates on a B2B2C model, where it partners with neighborhood retail stores and empowers them to provide digital and financial services to local communities. PayNearby’s mission is to make financial services accessible to everyone, everywhere. The company aims to simplify high-end technology so that it is easily assimilated to the last mile while transforming the lives of its merchant partners and customers.

Today, PayNearby, through its technology-driven Distribution as a Service (DaaS) network, serves 75% of India and enables services such as Cash Pickup, Remittances, Aadhaar Banking , bill payment and top-ups, savings, travel, digital payments, insurance and Suite. Currently, PayNearby’s 41 lakh plus microentrepreneurs through over 17,600 PINs assist over 20 crore customers across the country to the tune of over ~6000 crore GTV per month.