Archive · 23 Dec 2025
PayNearby Receives TPAP License from NPCI
PayNearby, a fintech company, has received a special license from NPCI to offer digital payment and financial services.
They launched a new app called PayNearby Saathi, which allows users to make payments, save money, invest, and get loans.
The app also uses a special technology called Bhashini, which lets users talk in their own language to ask questions and get answers.
PayNearby has many retail partners across India to help people use digital services easily.
There are over 500 million people in India using UPI for payments, and this new app aims to help even more people join the digital world.
PayNearby received the TPAP license from NPCI on December 23, 2025.
The company launched the PayNearby Saathi app, offering UPI enabled savings accounts, payments, and investment products.
The app includes credit options like personal loans, gold loans, business loans, and credit cards.
PayNearby Saathi integrates Bhashini, an AI-driven speech technology for multilingual support.
The company has 15 lakh retail partners and aims to boost digital literacy and transactions across India.
- Who
- PayNearby, a fintech major
- What
- Received TPAP license from NPCI and launched PayNearby Saathi app
- When
- December 23, 2025
- Where
- India
- Why
- To enable digital transactions and financial services for a wider population
- Company
- PayNearby
- License Received
- TPAP (Third-Party Application Provider) license
- Issued By
- National Payments Corporation of India (NPCI)
- New App
- PayNearby Saathi
- Features
- UPI enabled Savings Account, payments, investment products, credit options, Bhashini integration
- Retail Partners
- 15 lakh
- UPI Users in India
- 504 million active users