Nearby Technologies Private Limited - Strategic SWOT Spotlight

Nearby Technologies Private Limited - Strategic SWOT Spotlight

Nearby Technologies Private Limited - Strategic SWOT Spotlight is a comprehensive and easily accessible overview of The Nearby Technologies Private Limited's business operations. It provides a Snapshot of the company's position in the industry compared to competitors. The report includs key executives, products and services, ESG spotlight, Corporate Strategy, Business Description, Helicopter view of SWOT Analysis, Competitive Landscape and latest events.

Key Highlights

PayNearby, founded in April 2016, is a leading fintech company headquartered in India, dedicated to fostering financial inclusion through its innovative digital solutions. Operating on a B2B2C model, PayNearby empowers local retailers across India to offer a wide range of financial services, including banking, payments, insurance, travel bookings, and utility bill payments, among others, thereby becoming the cornerstone of digital financial access in communities. With over 1,00,000 distributors and 12 lakh active retailers spanning across 20,000 PIN codes in India, PayNearby has created an extensive network. The company boasts a strong market presence, evident from its robust growth metrics, such as 18% return per month for distributors, 99.9% success rate in transactions, and the aspiration to empower 50,00,000 stores across Tier I, II, and rural towns in India. PayNearby's relentless pursuit of financial inclusion and its transformative impact on local economies position it as a formidable player in the fintech landscape.

Nearby Technologies Private Limited in the News:-

• 29-May-2024 - Jammu & Kashmir and North-Eastern States witness surge in AePS transactions: PayNearby Report
• 29-May-2024 - Local retailers in Telangana take lead in e-commerce, witness over 1100% growth in transactions: PayNearby Report
• 29-Apr-2024 - PayNearby partners with MyShubhLife to provide MSMEs with easy access to revolving credit
• 06-Mar-2024 - Over 63% of women in Bharat are seeking entrepreneurial avenues: PayNearby Women Financial Index
• 15-Feb-2024 - PayNearby launches Digital Naari platform to generate sustainable self-employment for women across Bharat

Scope

Company Fundamentals:- These fundamentals offer valuable insights into Nearby Technologies Private Limited's operations, geographical presence, products and services, ESG spotlight, Corporate Strategy, Business Description and SWOT spotlight, aiding in a comprehensive understanding of the organization.

Reasons to Buy

• Helicopter view of company's internal and external factors through SWOT analysis - Strive Strategic Decision Making with various analyses and identifying potential customers and suppliers. - Mitigate Risk with help of thorough analysis of internal and external factors. Furthermore, develop strategies and contingency plans to address these challenges and minimize their impact on business operations. - Valuable insights from the report enable investors and partners to make informed decisions regarding potential Collaborations, Investments, or Partnerships with the company.