Mumbai, 28th February: PayNearby, India’s leading digital payments company and largest branchless banking network, announced today that it has been Great Place to Work-Certified™. Great Place to Work® is globally known for its rigorous and objective methodology for identifying and defining great workplaces across business and government organizations. This certification is an acknowledgement of PayNearby’s people practices and a recognition of its focus on building a great workplace culture.
A five-year-old disruptor in the fintech space, PayNearby is committed to creating a high-trust, high-performance, people-first organization. A great place to work cares about and supports its people while also 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 embedded in the various programs that have been put in place to foster workplace culture. Monthly townhalls, skip meetings, chatbots deployment, and various other forums ensure that culture gets imbibed in the organization. In addition, PayNearby facilitates inclusive interactions, objective decision making and generates equal opportunities for everyone.
At PayNearby, there are no employees. Everyone is a colleague and an equal stakeholder in the success of the business. The company has an open-door policy where all ideas are welcome, and people can walk up to each other and openly discuss areas of collaboration. This breeds transparency and respect amongst 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 robust people processes while adding to its enhanced colleague experience in attracting and retaining the right talent and creating an exceptional work environment for all. In addition, this year, PayNearby was recognized as a 10x culture organization by xto10x which indicates the holistic experience that colleagues get in their journey at PayNearby. Armed with a clear view of the state of the business, invested in the company’s success, and loyal to their teams, the colleagues are aligned to the company’s mission, vision, and values.
Speaking on the feat, Anand Kumar Bajaj, Founder, MD & CEO, PayNearby, said, “We are honoured to be Great Place to Work-Certified™. At PayNearby, we are a close-knit family. Our people are the lifeblood and the reason we are able to provide breakthrough innovations and leading financial services solutions. We want to create an equal and inclusive society, and this motto of oneness is closely embedded in our organizational culture too. Everyone has a shared passion, a sense of ownership and commitment to our larger purpose, and a feeling of belonging as one cohesive unit. We are committed to ensuring that our colleagues have fun while they go about scaling new heights and achieving new milestones. Investing in our people and creating great experiences has been our ongoing priority, and by building a workplace that creates a sense of belonging for everyone, we are working towards building a better nation – together. Zidd aage badhne ki.”
Going forward, the company aims to nurture a pool of future leaders with a strong understanding of the industry landscape along with in-depth functional skills. To fuel its growth aspirations, PayNearby is looking for energetic and sharp professionals to join its vision and make an impact in the socio-economic landscape of India through cutting-edge fintech implementation. The company wishes to achieve all this and more while being constantly mindful of building a pro-employee, open, transparent and inclusive work space.
About Great Place to Work®:
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting 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 on the characteristics of great workplaces for over three decades.
Incepted in April 2016, PayNearby is a DPIIT-certified company and India’s leading branchless banking and digital payments network. PayNearby operates on a B2B2C model, where it partners with neighbourhood retail stores and enables them with the tools to provide digital and financial services to local communities. PayNearby’s mission is to make financial services available to everyone, everywhere. The company aims to simplify high-end technology so that it can be easily assimilated at the last mile while transforming the lives of its retail partners and customers.
Today, PayNearby, through its tech-led DaaS (Distribution as a Service) network, serves 75% of India and is enabling services like cash withdrawal, remittance, Aadhaar Banking, bill payment and recharges, savings, travel, digital payments, insurance and more. Currently, PayNearby’s 41 lakh plus microentrepreneurs across 17,600+ PIN codes assist 20+ crore customers across the country to the tune of more than ~6000 crores GTV per month.